Question

how GDP is calculated ?​

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

3 Methods of Gross Domestic Product (GDP) Calculation are : income method, expenditure method and production(output) method.

Real GDP Calculation:

In general, calculating real GDP is done by dividing nominal GDP by the GDP deflator (R). For example, if an economy's prices have increased by 1% since the base year, the deflating number is 1.01. If nominal GDP was $1 million, then real GDP is calculated as $1,000,000 / 1.01, or $990,099.

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