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GDP is a measure of all the goods and services produced by a country. Therefore, to calculate the GDP, you need to add together the various components of the economy that are a measure of all the goods and services produced. Here is a simple formula:
GDP = Consumer Spending + Ivestments Made By Industry + Excess of Exports over Imports + Government Spending
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What is the formula of gross domestic products?
Gross domestic product is the basic measure of a country's overall domestic product. and its formula is as follows: David Morson http://www.datadubai.com/
What is the gross domestic product per capita?
Gross domestic product per capita is the measure of the total output of a country divided by the number of people in the country.
What are the two types of gross domestic product?
Coffee and tea are two types of the gross domestic product.
GDP stands for?
Gross Domestic Product
What is the current gross domestic product of India?
GDP (Nominal) - US$ - 1,676,143,000,000 (11th) GDP (Purchasing Power) - US$ - 4,457,784,000,000 (3rd)
What is the best measure of Ghana's economic activities on Gross domestic product or Gross national product Explain?
Gross domestic product measure the total output produced from within the countries boarders. Gross national product measures the output generated by a countries enterprises. The best way to measure Ghana's economic activities would be to use gross domestic product.
What type of measurement economic indicator is gross domestic product?
Gross domestic product (GDP) is a measure of total wealth in a given region.
Gross demestic product?
Gross Domestic Product is a basic measure of a country's overall economic performance.
What does Gross Domestc Poduct measure?
The Gross Domestic Product does measure the income or production of a given country.
What is the formula of gross domestic products?
Gross domestic product is the basic measure of a country's overall domestic product. and its formula is as follows: David Morson http://www.datadubai.com/
What is a measure of the size of the national economy?
gross domestic product
What is Economic growth is a measure of the increase in?
the gross domestic product.
What is the gross domestic product per capita?
Gross domestic product per capita is the measure of the total output of a country divided by the number of people in the country.
One way to measure the economy's size is the Gross Product?
domestic
The is measure of a country's total economic output?
gross domestic product
What does gross domestic product measure?
Is used to determine health or an economy.
What is one measure of how much value a nation's economy generates compared to the size of its population?
per capita gross domestic product
