How is the GDP of a country calculated
Answers
Answered by
4
In India the task of measuring GDP is done by central government ministry.
They all collect information relating to total value of goods and services and estimates GĎP
They all collect information relating to total value of goods and services and estimates GĎP
Answered by
1
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). ... It transforms the money-value measure, nominal GDP, into an index for quantity of total output.
Similar questions