
Originally Posted by
Apollo24
Gud kay naa man d.i kay economics na sa Subject... Pero murag wala ka kahibaw sa formula o composition sa pag kuha sa GDP....DEFINITION of 'Gross Domestic Product - GDP'
The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.
GDP = C + G + I + NX
where:
"C" is equal to all private consumption, or consumer spending, in a nation's economy"G" is the sum of government spending"I" is the sum of all the country's businesses spending on capital"NX" is the nation's total net exports, calculated as total exports minus total imports.