how the gdp is calculated class 10
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ᏅᏬᎬᏕᎿᎨᎾᏁ:ʜᴏᴡ ᴛʜᴇ ɢᴅᴘ ɪs ᴄᴀʟᴄᴜʟᴀᴛᴇᴅ?
ᎯᏁᏕᏯᎬᏒ: ɪғ ᴡᴇ ᴛᴀʟᴋ ᴀʙᴏᴜᴛ ᴀ sɪᴍᴘʟᴇ ᴀᴘᴘʀᴏᴀᴄʜ, ɪᴛ ɪs ᴇǫᴜᴀʟ ᴛᴏ ᴛʜᴇ ᴛᴏᴛᴀʟ ᴏғ ᴘʀɪᴠᴀᴛᴇ ᴄᴏɴsᴜᴍᴘᴛɪᴏɴ, ɢʀᴏss ɪɴᴠᴇsᴛᴍᴇɴᴛ ᴀɴᴅ ɢᴏᴠᴇʀɴᴍᴇɴᴛ sᴘᴇɴᴅɪɴɢ ᴘʟᴜs ᴛʜᴇ ᴠᴀʟᴜᴇ ᴏғ ᴇxᴘᴏʀᴛs, ᴍɪɴᴜs ɪᴍᴘᴏʀᴛs ɪ.ᴇ. ᴛʜᴇ ғᴏʀᴍᴜʟᴀ ᴛᴏ ᴄᴀʟᴄᴜʟᴀᴛᴇ ᴀs ɢᴅᴘ = ᴘʀɪᴠᴀᴛᴇ ᴄᴏɴsᴜᴍᴘᴛɪᴏɴ + ɢʀᴏss ɪɴᴠᴇsᴛᴍᴇɴᴛ + ɢᴏᴠᴇʀɴᴍᴇɴᴛ sᴘᴇɴᴅɪɴɢ + (ᴇxᴘᴏʀᴛs – ɪᴍᴘᴏʀᴛs).
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