How is the GDP of a country calculated like is a research conducted or a survey done or something else?

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Geography

Romeo Acevedo

20 September, 21:28

How is the GDP of a country calculated like is a research conducted or a survey done or something else?

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Anthony · Answer 1

The following equation is used to calculate the GDP: GDP = C + I + G + (X - M) or GDP = private consumption + gross investment + government investment + government spending + (exports - imports) ... It transforms the money-value measure, nominal GDP, into an index for quantity of total output.