Question

What are the steps involved in GDP?

Answer 1

Answer:

Total production of each sector is calculated by adding the values of final goods and services produced in that sector in that year. 2. The values of all three sectors are then added, and the sum of this is the Gross Domestic Product (GDP).

Answer 2

Answer:

Explanation:

Total production of each sector is calculated by adding the values of final goods and services produced in that sector in that year. 2. The values of all three sectors are then added, and the sum of this is the Gross Domestic Product (GDP).

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