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OpenStudy (anonymous):
Briefly explain how to calculate GDP ?
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OpenStudy (rina.r):
GDP = Consumption + Investment + Government Purchases + Net Exports. GDP Expenditure Compositions (or) Expenditure Method = C + Ig + G + Xn : Personal consumption expenditures (C) -4.3% Gross domestic investment (Ig) -23.0 Government purchases (G) +1.3 Net exports (Xn) -6.1 Real GDP -6.3. http://wiki.answers.com/Q/How_is_GDP_calculated_using_the_expenditures_approach&r2as=1#slide1
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