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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?
Expert's answer
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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