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Answer Posted / sandhya rani.g
GDP stands for Gross Domestic Product. it measures the
total performance and growth rate of a country, which
includes the exports, imports, investments and expendeture
of a country.
simply:
GDP=C+I+G+(X-M): WHERE: C= CONSUMPTION
I= GROSS INVESTMENTS
G=GOVERNMENT SPENDING
(X-M)= (EXPORTS-IMPORTS)
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