Question

what is GDP explain the process of calculating GDP​

Answer 1

Answer:

Gross Domestic Produc(GDP) is the broadest quantitative measure of nation's total economy.

GDP is calculated by:

rivate consumption + gross investment + government investment + government spending + (exports - imports). Nominal value changes due to shifts in quantity and price.

Answer 2

$\Large{\textbf{\underline{\underline{Points\;are}}}}$

1. Gross domestic product or GDP is the estimation of every last great and administrations delivered inside a nation during a specific year.

2. The entirety of creation in the three part gives us GDP (Primary + Secondary + Tertiary). The cash estimations of merchandise and ventures ought to be included as the estimation of conclusive products alone ought to be included as the estimation of middle of the road products is as of now remembered for the estimation of definite merchandise. The mammoth errand of estimating GDP is embraced by the Central government service.

This association gathers data identifying with the all out volume of merchandise and enterprises and their costs and afterward assesses the GDP.