how do we calculate GDP
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Answered by
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It goes :- GDP: C + I + G + (X - M). Or we can use GDP = private consumption + gross investment + government investment + government spending + (exports - imports)
Answered by
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The following equation is used to calculate the GDP:
GDP=C+I+G+(X-M) (or)
GDP=private consumption+gross investment+ government spending+(exports- imports)
GDP=C+I+G+(X-M) (or)
GDP=private consumption+gross investment+ government spending+(exports- imports)
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