What is GDP and how it is calculated?
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Answer:Gross Domestic Product meaning: Gross Domestic Product, abbreviated as GDP, is the total value of goods and services produced in a country.
Answer:Gross Domestic Product meaning: Gross Domestic Product, abbreviated as GDP, is the total value of goods and services produced in a country.how to calculate ==
Answer:Gross Domestic Product meaning: Gross Domestic Product, abbreviated as GDP, is the total value of goods and services produced in a country.how to calculate ==GDP=Private consumption+ gross investment + government investment + government spending + (exports - imports)
Answer:Gross Domestic Product meaning: Gross Domestic Product, abbreviated as GDP, is the total value of goods and services produced in a country.how to calculate ==GDP=Private consumption+ gross investment + government investment + government spending + (exports - imports)The GDP deflator remains extremely important as it measures price inflation.
Answer:Gross Domestic Product meaning: Gross Domestic Product, abbreviated as GDP, is the total value of goods and services produced in a country.how to calculate ==GDP=Private consumption+ gross investment + government investment + government spending + (exports - imports)The GDP deflator remains extremely important as it measures price inflation.It is calculated by dividing Nominal GDP by Real GDP and then multiplying by 100. (Based on the formula).
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Answer: G.D.P. means gross domestic product. it is calculated by the formula :- { private consumption + gross investment + government investment + government spending + (exports – imports)} .
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