Question

What are the steps involved in the estimation of GDP? who conducts this process?

Answer 1

Answer:

Traders, policymakers, investors etc. all have the eyes on the GDP. Different countries have different methods to calculate GDP. The Central Statistics Office (CSO), under the Ministry of Statistics and Program Implementation, is responsible for data collection and maintaining a proper record of the same.

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Answer 2

Answer:

Traders, policymakers, investors etc. all have the eyes on the GDP. Different countries have different methods to calculate GDP. The Central Statistics Office (CSO), under the Ministry of Statistics and Program Implementation, is responsible for data collection and maintaining a proper record of the same.

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Explanation: