what is GDP how it is calculated
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Heya!!! ✌️✌️✌️✌️
Here is your answer dear......
GDP:Gross Domestic Product....
The following equation is used to calculate the GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports). Nominal value changes due to shifts in quantity and price.
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Here is your answer dear......
GDP:Gross Domestic Product....
The following equation is used to calculate the GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports). Nominal value changes due to shifts in quantity and price.
I HOPE THIS WILL HELP YOU OUT.....
HAVE A GREAT DAY DEAR.....
Answered by
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Hello dear friend
____________________________________.
Here is your answer
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GDP stands for Gross Domestic Production.
The sum of all the value of all final goods and services produced in all the three sectors in a particular year is called the Gross Domestic Product or GDP of a country.
GDP indicates the size of the economy of a country. It is the market value of all the final goods and services produced by all the sectors.
The task of estimating the GDP in India is undertaken by the central statistical office (CSO) working under the ministry of statistics and programme implementation, government of the India. This department collects information related to total volume of goods and services with their prices to estimate the GDP.
Thank you
____________________________________.
Here is your answer
==================
GDP stands for Gross Domestic Production.
The sum of all the value of all final goods and services produced in all the three sectors in a particular year is called the Gross Domestic Product or GDP of a country.
GDP indicates the size of the economy of a country. It is the market value of all the final goods and services produced by all the sectors.
The task of estimating the GDP in India is undertaken by the central statistical office (CSO) working under the ministry of statistics and programme implementation, government of the India. This department collects information related to total volume of goods and services with their prices to estimate the GDP.
Thank you
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