what is GDP? who calculate it?
Answers
Answered by
1
Hey...
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.
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). ... It transforms the money-value measure, nominal GDP, into an index for quantity of total output.
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.
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). ... It transforms the money-value measure, nominal GDP, into an index for quantity of total output.
Answered by
3
Hope it Helps! If it Plz. mark as brainliest ..
Attachments:
Similar questions