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Promoted

bhandari

Lv 5

bhandari asked in Social Science Economics · 1 decade ago

How Gross Domestic Products are calculated? Is there any standard formula for its calculation?

Since there might be different systems in calculating the gross domestic products of a country, I would like to know which system is scientific and universally applicable.

2 Answers

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Mansi
1 decade ago
Favorite Answer
G.D.P. =total no. of goods and services produced in an economy in a particular financial yr.
npm
Lv 5
1 decade ago
See
Taking the Pulse of the Economy: Measuring GDP
at
http://www.bea.gov/about/pdf/jep_spring2008.pdf

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