ECONOMICS
BUSINESS CYCLES
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
C + I + G + (X-M)
|
|
|
C + I + G / (X-M)
|
|
|
C + I + G + (population)
|
|
|
C + I + G + (M-X)
|
Detailed explanation-1: -What Is the Formula for GDP? The formula for GDP is: GDP = C + I + G + (X-M). C is consumer spending, I is business investment, G is government spending, and (X-M) is net exports.
Detailed explanation-2: -GDP = private consumption + gross private investment + government investment + government spending + (exports – imports). GDP is usually calculated by the national statistical agency of the country following the international standard.
Detailed explanation-3: -This is often written as C + I + G + (X-M), where C is personal consumption expenditures, I is investment, G is government purchases of goods and services, X is exports, and M is imports. Together, this is all of Gross Domestic Product, or GDP.
Detailed explanation-4: -The formula for GDP is: GDP = C + I + G + (Ex-Im), where “C” equals spending by consumers, “I” equals investment by businesses, “G” equals government spending and “(Ex-Im)” equals net exports, that is, the value of exports minus imports.
Detailed explanation-5: -The Output Method (all value added by each producer), The Income Method (all income generated) and. The Expenditure Method (all spending).