Скачать или смотреть GDP | Top 5 Countries | Economy | Budget | Mr.vaathi

Dear friends,
Welcome to our channel Mr.vaathi

What is GDP?

GDP stands for "Gross Domestic Product" and represents the total monetary value of all final goods and services produced (and sold on the market) within a country during a period of time (typically 1 year).

GDP is the most commonly used measure of economic activity.

The first basic concept of GDP was invented at the end of the 18th century. The modern concept was developed by the American economist Simon Kuznets in 1934 and adopted as the main measure of a country's economy at the Bretton Woods conference in 1944.


How to calculate GDP

GDP can be calculated in three ways: using the production, expenditure, or income approach. All methods should give the same result.

Production approach: sum of the "value-added" (total sales minus the value of intermediate inputs) at each stage of production.

Expenditure approach: sum of purchases made by final users.

Income approach: sum of the incomes generated by production subjects.

GDP Formula

The formula for calculating GDP with the expenditure approach is the following:

GDP = private consumption + gross private investment + government investment + government spending + (exports – imports).

or, expressed in a formula:

GDP = C + I + G + (X – M)




#gdp #indianeconomy #mrvaathi #globalgdp #indianbudget #budget2022 #shorts #youtubeshorts

https://www.visualcapitalist.com/visu...


Related keywords:

youtube shorts
Shorts
budget 2022 Tamil
budget 2022 Tamil news
Tamil news
budget 2022 Explained
budget 2022 explained in tamil
Mr vaathi book reviews
mr vaathi
what is gdp
Gdp
data visualization
Global gdp
gdp explained
gross domestic product
World economy
global economy
Indian economy
indian economy 2021
india gdp
India gdp
Nirmala sitharaman
Indian budget 2022
union budget 2022
budget 2022 india
union budget 2022-23
budget 2022 news
budget 2022 expectations
budget 2022 income tax
expectations from budget 2022
budget 2022 date
indian economy
indian gdp
financial minister nirmala sitharaman