Output of which sectors is included in GDP
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The final values of all the goods and products produced in all the sectors are included in the GDP.
The sectors are - Primary sector, secondary sector and tertiary sector.
The work of calculating GDP is done by the central government ministry.
The sectors are - Primary sector, secondary sector and tertiary sector.
The work of calculating GDP is done by the central government ministry.
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Explanation:
The four components of gross domestic product are personal consumption, business investment, government spending, and net exports. 1 That tells you what a country is good at producing. GDP is the country's total economic output for each year. It's equivalent to what is being spent in that economy.
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