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LuckyWell [14K]
3 years ago
8

What is the correct formula to calculate GDP

Social Studies
1 answer:
bekas [8.4K]3 years ago
4 0

Answer:

GDP = C+I+G +(EX-IM)

Explanation:

Where:

GDP represent Gross Domestic Product

C represent Consumption

I represent Investment

G represent Government

Ex represent Exports

IM represent Imports

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A.) when the problem can be solved in a reasonable time and an approximate solution is acceptable.

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