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Answer to Question #233079 in Macroeconomics for Nana

Question #233079
How do we measure gross domestic product, what are the different formulas for measuring GDP?
1
Expert's answer
2021-09-07T13:18:12-0400

GDP is calculated by summing all of the money spent in a given period by consumers, corporations, and the government.

GDP = Consumption + Investment + Government Spending + Net Exports or more succinctly as GDP = C + I + G + NX


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