How to calculate GDP...
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Answered by
5
very simple
formula is P+S+T
primary income plus secondary income plus tertiary income
formula is P+S+T
primary income plus secondary income plus tertiary income
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).
Nominal value changes due to shifts in quantity and price.
Nominal value changes due to shifts in quantity and price.
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