Question

How do we estimate GDP ?


​

Answer 1

✨ANSWER✨

Gross domestic product (GDP) is how much a place produces in an amount of time. GDP can be calculated by adding up its output inside the borders of that country. This measure is often used to find out how healthy a country is; a country with a high value of GDP can be called a large economy.

HOPE YOU'RE SATISFIED WITH MY ANSWER

HAVE A GREAT AND FABULOUS DAY AHEAD BRO☺

Answer 2

GDP can be calculated by adding up all of the money spent by consumers, businesses, and government in a given period. It may also be calculated by adding up all of the money received by all the participants in the economy. In either case, the number is an estimate of "nominal GDP."