write the steps to calculate the GDP of a country. In 5 points
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▶Here is the answer..
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☀GDP = C + G + I + NX.
➡C is equal to all private consumption, or consumer spending, in a nation's economy,
➡G is the sum of government spending,
➡I is the sum of all the country's investment, including businesses capital expenditures and
➡ NX is the nation's total net exports, calculated as total exports minus total imports (NX = Exports - Imports).
Thanks.
☺☺☺
▶Here is the answer..
▶I hope tmy answer is helpful for you.
☀GDP = C + G + I + NX.
➡C is equal to all private consumption, or consumer spending, in a nation's economy,
➡G is the sum of government spending,
➡I is the sum of all the country's investment, including businesses capital expenditures and
➡ NX is the nation's total net exports, calculated as total exports minus total imports (NX = Exports - Imports).
Thanks.
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