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What is GDP

Others 275 views 2 replies
Dear Sir / Madam,

Please can you explain what is GDP? and how it is calculated.

Appreciate your feedback
Replies (2)

C+I+G+net of imports and exports.

It's is a measure of economic growth 

GDP is ---> Gross Domestic Product.

how it is calculated --->> The formula to calculate GDP is – GDP = C + I + G+ NX. Here, C denotes consumption expenditure, I denotes investment, G is for government expenditure, and NX signifies net exports.


For more details, please go through the link

https://cleartax.in/s/what-is-gdp-of-india-and-how-to-calculate


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