Question

what points are to be considered while estimating gross domestic product?​

Answer 1

Answer:

Answer:It is the sum of all productions in all sectors in an economy in one year. So, the goods and services produced in the primary , secondary and tertiary occupations are considered for estimating the GDP.

Answer 2

Explanation:

it is the market value of all the final goods and services produced in a given year

• we can make GDP by including private consumption gross investment, government investment, government spending, exports and imports
• GDP=C+I+CR+(X-M)