Social Sciences, asked by 7004969869, 1 year ago

what is GDP? who calculate it?

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Answered by riddhi66
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.
Answered by shiva3618
3
Hope it Helps! If it Plz. mark as brainliest ..
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