Question

What is formula of GDP MP in macro economics

Answer 1

✌❤formula❤✌

• ❤GDP (gross domestic product) at market price❤

• ❤ = value of output in an economy in the particular year ❤

• ❤– intermediate consumption at factor cost❤

• ❤ = GDP at market price❤

• ❤ – depreciation + NFIA ❤

• ❤ (net factor income from abroad) ❤

• ❤– net indirect taxes.❤

✌❤PIYUSH_SHARMA❤✌

Answer 2

The formula for GDP (Gross Domestic Product) concerning MP (Market Price) in macroeconomics is as follows:

$GDP = C + I + G + NX$

where,

• C is the consumption includes private consumption, and expenditure of household, non-profit organisations.
• 'I' is the investment that includes the business expenditures and home purchases.
• G is the government spending includes expenditure on goods and services by the government.
• NX is the net exports includes the difference between the nation's exports and imports.