Question

what are the aspects to be consider in the estimination of GDP

Answer 1

Gross Domestic Product (GDP) measures the total value of final goods and services produced within a given country's borders. It is the most popular method of measuring an economy's output and is therefore considered a measure of the size of an economy. When people say one economy is larger than another or that an economy is growing or shrinking, usually they're referring to GDP figures.

GDP is defined as all consumption by households, all investment by businesses, and all purchases by the government, plus purchases made by foreigners minus purchases of things made abroad.

So the cars the auto dealer sells, the money you pay to a day care center, your health insurance premiums — all of those are included in GDP.

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