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what is GDP? how is it calculated
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Answer Posted / govind
GDP-Gross Domistic product.
There methods are there for calculation GDP.
India is following Exp base calculation.
Formula is as follows:
Y = C + I + G + (X-M)
Y – Income (or GDP)
C- Consumption (or Private Final Consumption Expenditure).
I- Investment (or Gross Final Consumption Exp)
X- Exports
M- Imports
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