what is gdp explain give formula
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Answer:
GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time
Explanation:
GDP = private consumption + gross private investment + government investment + government spending + (exports – imports). or, expressed in a formula: GDP = C + I + G + (X – M) GDP is usually calculated by the national statistical agency of the country following the international standard.
Answered by
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Answer:
gross domestic product refers to GDP
GDP = private consumption + gross private investment + government investment + government spending + (exports – imports).
hope it helps you
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