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Unit 4 Ch 2 : Sectors of the Indian Economy — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 2 : Sectors of the Indian Economy1 Mark
Question
How is GDP calculated?
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Answer

The following equation is used to calculate the GDP.
GDP = C + I + G + (X - M)
C - Consumer Spending
I - Business investment
G - Government Spending
(X - M) = net exports (exports–imports)

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