Social Sciences, asked by syedfaizaanh, 2 months ago

how is GDP calculated

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Answered by kratikaraj2006

Answer:

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."

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