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How is GDP calculated?\xa01Answer my questions please |
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Answer» GDP is calculated as the value added from primary sector + value added from secondary sector + value added from tertiary sector. Gross domestic product is the value of final goods and services produced in a country during a year and includes total production of all the three sectors of the economy. ?GDP is the sum of production of all the three sectors?it is calculated by taking the final goods and services produced by each sector? the abbrevation of GDP is Gross Domestic Product ?GDP is a factor which determines how big our economy is |
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