how to calculate G.D.P explain by giving a suitable example?
Answers
Answered by
3
Answer:
- Gross domestic product is a financial strength of the market value of all the concluding goods and services delivered in a period of time, often periodically. The most popular approach to estimating GDP is the investment method: GDP = consumption + investment (government spending) + exports-imports.
Answered by
2
Answer:
G.D.P. is the sum of the money value of final goods and services produced in each sector during a particular year within domestic territory of a country.
Only final goods and services are counted in G.D.P. because:
(i) The value of final goods already includes the value of all intermediate goods.
(ii) To count the value of the flour and wheat separately is therefore not correct because then we would be counting the value of the same things a number of times....
Please Mark It As The Brainliest Answer
Similar questions