how we can calculate economy of country?
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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.
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We can calculate GDP of a country which shows the increase or decrease in economy of a country
The GDP or gross domestic product of a country provides a measure of the monetary value of the goods and services that countryproduces in a specific year. This is an important statistic that indicates whether an economy is growing or contracting
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