What Is One Of The Equations For GDP?
I would like to know the simple equation to calculate GDP.
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GDP (gross domestic product) can be found out by the equation;
GDP=C+I+G+NX
C: consumption
I: Investment
G: Government expenditure
NX: Net exports (exports-imports)
GDP=C+I+G+NX
C: consumption
I: Investment
G: Government expenditure
NX: Net exports (exports-imports)
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GDp is calculated as follows:
GDP=GNP(gross national product) less Net Property Income from abroad.
GDP=GNP-NPY
GDP=GNP(gross national product) less Net Property Income from abroad.
GDP=GNP-NPY
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answered 7 months ago
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answered 3 months ago
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