What is The “Gross Domestic Product “(GDP)?
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- eAnswers...Sep 19, 2013
"Gross domestic product" (GDP) is the evaluation of a country's economic health, it's the caluctation of the total value of all goods and services produced over a specific time period within the country. GDP = C + I + G + \left ( X - M \right ) Or GDP = private consumption + gross investment + government spending + (exports − imports)
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