Saved Bookmarks
| 1. |
How we can calculate gdp |
|
Answer» GDP or Gross Domestic Product is the sum of all the three sectors ( primary, secondary and tertiary ) of a country in a year. GDP is equal to the sum of all three sector (primary ,secondary ,tertiary) Gdp includes values of final goods. Like wheat is used for making flour and then for bread and biscuits. we will include values of bread and biscuits because it already includes value of wheat and flour The gdp base on manufacturer on base of business and productions and manufacturer The U.S. GDP is primarily measured based on the expenditure approach. This approach can be calculated using the following formula: GDP = C + G + I + NX (where C=consumption; G=government spending; I=Investment; and NX=net exports). All these activities contribute to the GDP of a country................. is ir helpful .... Then plzz click to tha thnkx button. |
|