How does the Gross Domestic Product (GDP) Calculator work?
Solves for all items of the Gross Domestic Product (GDP) equation: GDP Consumption (C) Investment (I) Government Spending (G) Exports (X) Imports (I). This calculator has 6 inputs.
What 1 formula is used for the Gross Domestic Product (GDP) Calculator?
What 6 concepts are covered in the Gross Domestic Product (GDP) Calculator?
consumption
an activity in which institutional units use up goods or services
export
movable goods produced within the boundaries of one country, which are traded with another country
gdp
Gross Domestic Product. GDP measures the monetary value of final goods and services - that is, those that are bought by the final user-produced in a country in a given period of time C + I + G + X - I
gross domestic product (gdp)
import
goods produced outside the boundaries of one country, which are then purchased by that country
investment
an asset or item acquired with the goal of generating income or appreciation.
