which one of the following equations correctly measures gdp?
441326
The following equation is used to calculate the GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports). Nominal value changes due to shifts in quantity and price.
519598
Economists traditionally use gross domestic product (GDP) to measure economic progress. If GDP is rising, the economy is in solid shape, and the nation is moving forward. On the other hand, if gross domestic product is falling, the economy might be in trouble, and the nation is losing ground.
465347
['Gross Domestic Product (GDP) ... ', 'Gross National Product (GNP) ... ', 'GNP per capita. ... ', 'Birth and death rates. ... ', 'The Human Development Index (HDI) ... ', 'Infant mortality rate. ... ', 'Literacy rate. ... ', 'Life expectancy.']
356836
In economics, Gross Domestic Product (GDP) is used to calculate the total value of the goods and services produced within a country's borders, while Gross National Product (GNP) is used to calculate the total value of the goods and services produced by the residents of a country, no matter their location.
563534
In measures of national income and output, "gross investment" (represented by the variable I ) is a component of gross domestic product (GDP), given in the formula GDP = C + I + G + NX, where C is consumption, G is government spending, and NX is net exports, given by the difference between the exports and imports, X − ...
421165
['Different methods, such as Gross National Product (GNP) and Gross Domestic Product (GDP) can be employed to assess economic growth.', 'Gross Domestic Product measures the value of goods and services produced by a nation.']
453025
Let's say that in year 1, which is the base year, real GDP was $16,000. In year 2, real GDP was $16,400. Now we can calculate the growth rate in real GDP because we have two years of data. The growth rate is simply ($16,400 / $16,000) - 1 = 2.5%.
72038
['The following equation is used to calculate the GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports).', 'Nominal value changes due to shifts in quantity and price.']
633974
GDP can be measured in three different ways: the value added approach, the income approach (how much is earned as income on resources used to make stuff), and the expenditures approach (how much is spent on stuff).
620566
Constant price GDP refers to the level of gross domestic product (GDP) expressed in the price terms of a base period (normally a year). The use of a time series of GDP in constant prices rather than current prices removes the impact of price changes and shows the volume change in GDP.
870479
['There are three ways of calculating GDP - all of which in theory should sum to the same amount:', 'National Output = National Expenditure (Aggregate Demand) = National Income.', '(i) The Expenditure Method - Aggregate Demand (AD)', 'GDP = C + I + G + (X-M) where.', 'The Income Method – adding together factor incomes.']
303176
Real GDP per Capita measures the average level of national income (adjusted for inflation) per person. ... GDP, (Gross Domestic Product) measures the national output/national income of an economy; this is a measure of the volume of goods and services produced in a given year.
1330388
In an economy as a whole, income must equal expenditure. GDP is a measure of the total income of everyone in the economy AND the total expenditure on the economy's output of goods and services. ... The value of the intermediate goods is included in the market price of the final goods in which they are used.
301765
The GDP deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100. GDP Deflator Equation: The GDP deflator measures price inflation in an economy. It is calculated by dividing nominal GDP by real GDP and multiplying by 100.
1329794
There are generally two ways to calculate GDP: the expenditures approach and the income approach. Each of these approaches looks to best approximate the monetary value of all final goods and services produced in an economy over a set period of time (normally one year).
852843
Key points *GDP is measured by taking the quantities of all final goods and services produced and sold in markets, multiplying them by their current prices, and adding up the total.
656360
The economic growth is closely related to the industrial structure, health, demography and income distribution of the economy. The most used measure for national economic growth is the change in Gross Domestic Product (GDP). GDP measures the value added of all goods and services produced in the economy.