How
Is GDP calculated
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Answered by
11
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The GDP in India is calculated using two different methods, leading to differing figures that are nonetheless close in range. The first method is based on economic activity and the second is based on expenditure.
I hope it helps_
The GDP in India is calculated using two different methods, leading to differing figures that are nonetheless close in range. The first method is based on economic activity and the second is based on expenditure.
I hope it helps_
Answered by
3
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)
GDP= C+I+G+(X-M)
Or
GDP= Private Consumption +Gross Investment +Government Investment +Government Spending +(Exports -Imports)
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