Gross Domestic Product (GDP) Calculator
Gross Domestic Product Calculator
An online GDP formulas,definition and calculation.
What is GDP
Gross Domestic Product(GDP) is a monetary measure pf the value of all final goods and services produced in a period(Quarterly or Annualy)
The best common approach to measuring and quantifying GDP is the expenditure method is as follows
Formula
GDP = Consumption + Government Expenditures + Investment + Exports - Imports
Where,
Consumption: Durable goods, Nondurable goods,Services
Government Expenditures: Defense,Roads,Schools
Investment Spending: Nonresidential, Residential,Business inventories
Net Exports:Exports are added to GDP.Imports are deducted from GDP
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