Question

Why is the calculationgpd a difficult task?

Answer 1

Answer:

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Explanation:

Calculating GDP is a difficult task as collecting such huge data is time consuming, further data generated may also be inaccurate. ... Further, there is a problem of double calculation of a product more so in expenditure method as GDP does not take into account the intermediate goods used in the production of final goods.

It takes no account of who is doing the producing, meaning an economy could have a single worker or full employment. It ignores the underground economy to a large extent, guaranteeing that production always undershoots reality. But more than any of these, GDP is extremely difficult to measure

Answer 2

Answer:

Gdp is the monetary value of all finished goods and service's made within a country during a specific period.

Explanation:

Gdp provudes an economic snapshot of a country used to estimate the size of an economy and growth rate,gdp can be calculated in three ways using expenditures ,productions or incomes

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