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22 October, 01:18

What is a country's GDP

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  1. 22 October, 01:20
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    Is an economical index of the total value of the economy of a country.

    Explanation:

    Gross Domestic Product is the most used index to measure economical performance of a country.

    The formula to calculate it is GDP = C + I + G + (X - M) were:

    C: consumption

    I: Investment

    G: Government expenditure

    (X-M) : Exports - Imports.
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