What is gdp of a country and how is it calculated?
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GDP means Gross Domestic Product.
It is calculated as the amount of the product purchase and used by the country.
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It is calculated as the amount of the product purchase and used by the country.
Hope it might help u out.
If helpful then plz mark as brainliest.
Thank you.
Answered by
1
Answer :-
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)
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