what points are to be considered while estimating gross domistic product
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Explanation:
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.
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HEYA MATE HERE U GO.
How are goodd and services produced in a particular finacial year.
The total production of goods and services from the three sectors.
Only we include the value of final goods and services which are produced from the three sectors....
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