how GDP is calculated
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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.
FIRMULA : formula to calculate as GDP = private consumption + gross investment + government spending + (exports – imports).
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Explanation:
GDP is calculate by sum up the all value goods of primary, secondary and tertiary sector
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