Question
How is GDP calculated?

Answer

The following equation is used to calculate the GDP.
GDP = C + I + G + (X - M)
C - Consumer Spending
I - Business investment
G - Government Spending
(X - M) = net exports (exports–imports)

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free