Tuesday, June 28, 2005

How to calculate GDP?

Is it possible to recapitulate any calculation without any formula?

So here is the formula to calculate GDP (Growth Domestic Product).

GDP = C + I +G + (X – M)

Where,

C = Consumer goods (utilization of goods on daily bases)

I = Investment (Investment done for utilized goods and for manufacturing of machinery)

G = Government Services

X = Exports (Annual Export)

M = Import (Annual Import)

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