Question

How the gdp of a country is calculated use a numerical example?

Answer 1

GDP = C+I+G+(X-M )

For Calculating GDP is :-

GDP = private consumption + gross investment + govt. investment + govt. spending + ( exports - imports )

Answer 2

Answer :-

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)