How is the GDP of a country calculated like is a research conducted or a survey done or something else?

Question

Geography

Madilyn Kaufman

8 May, 15:41

How is the GDP of a country calculated like is a research conducted or a survey done or something else?

+2

Answers (1)

Know the Answer?

Cayden Cervantes · Answer 1

The following equation is used to calculate the GDP: GDP = C + I + G + (X - M) or GDP = private consumption + gross investment + government investment + government spending + (exports - imports) ... It transforms the money-value measure, nominal GDP, into an index for quantity of total output.