How to calculate the gdp?
Answers
Answered by
6
GDP = Gross Domestic Product of a Nation
= C + G + I + NX
where C = All private consumption by people = Consumer spending
G = all Government spending or expenditure
I = Investment by all business houses,
capital expenditures by everyone in the country.
NX = The country's Net exports
NX = Total Exports - Total Imports.
GDP is calculated over a period.
= C + G + I + NX
where C = All private consumption by people = Consumer spending
G = all Government spending or expenditure
I = Investment by all business houses,
capital expenditures by everyone in the country.
NX = The country's Net exports
NX = Total Exports - Total Imports.
GDP is calculated over a period.
Answered by
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)
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