What changes were made by india in calculating the gdp? Why they have beenmade and what are their implications?
Answers
Answered by
1
GDP=C+I+G+(X-M)
or
GDP=private consumption+gross investment+govt investment +govt spending +(exports-imports).
calculating GDP based on spending.....the GDP calculation.
therefore also account for spending G on exports-imports and d important.thus,a country's GDP is a measure of consumer spending.(C)plus bussiness investment (I) govt spending (G)as well as its not exports,which is exports minus imports.(X-M)
or
GDP=private consumption+gross investment+govt investment +govt spending +(exports-imports).
calculating GDP based on spending.....the GDP calculation.
therefore also account for spending G on exports-imports and d important.thus,a country's GDP is a measure of consumer spending.(C)plus bussiness investment (I) govt spending (G)as well as its not exports,which is exports minus imports.(X-M)
Similar questions