what is gdp growth how it will be calculated
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The GDP is the officially recognized totals. The following equation is used to calculate the GDP: GDP=C+I+G+(X−M) Written out, the equation for calculating GDP is: GDP = private consumption + gross investment + government investment + government spending + (exports – imports).
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Explanation:
gdp is [Gross Domestic Product] which refers to the contribution of three sectors of our economy in sales and services in a particular year.the three sectors are , primary , tertiary and secondary
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