very short answer type:- how is gdp calculated
Answers
Answer:
The Gross domestic Product (GDP) is the market value of all final goods and services produced within a country in a given period of time. The GDP is the officially recognized totals. The following equation is used to calculate the GDP:
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Written out, the equation for calculating GDP is:
GDP = private consumption + gross investment + government investment + government spending + (exports – imports).
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