Question

What are the steps of calculating total output product (TP)?

Answer 1

Explanation:

It is normally measured by GDP. produced and sold within a country in a given period of time (usually one year). It is a measure of total output (= total income = total expenditures). Price level (P) = the price level is an overall indicator of prices for goods and services in a domestic economy.

Answer 2

Answer:

⬇️ ⬇️

it is normally has the steps of calculating total output product for lower than the market price..❤️