how can we measure the GDP of indiaa
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we just have to sum the values of all the final goods of all sectors i.e. primary tertiary and secondary. like the components used to make biscuits are flour sugar butter . so the GDP for biscuits is the price of the final product biscuits
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Answer :-
The following equation is used to calculate the GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports).
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