Gross Domestic Product


Gross Domestic Product measures the value of economic activity within a country. 

GDP = C + I + G + (X – M)

Here,

C = private consumption 

I = gross investment 

G = government spending 

X = Exports

M = Imports

It is a monetary measure of the market value of all the final goods and services produced in a specific time period.

Who calculates the GDP in India?

India's Central Statistic Office calculates the nation's GDP. India's GDP is calculated with two different methods, one based on  expenditure at market prices, and the second on economic activity at factor cost.


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