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< Back to questions :: Q&A / B2B / Food and Agricultural Produce

Gross Domestic Product

B2B
Food and Agricultural Produce
From Bangladesh
To Egypt
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Dec 27, 2021

What is Gross Domestic Product (GDP)?

1 answer

Kerim A.
Dec 27, 2021

Gross Domestic Product (GDP) is the gross market value of the total goods and services produced within the domestic boundaries of a country during a given period of time. It is also known as National Income (Y). Total imports and total exports are essential components for the estimation of a country’s GDP. They are taken into account as “Net Exports”.

GDP = C + I + G + X – M

Where:

  • C = Consumer expenditure
  • I = Investment expenditure
  • G = Government expenditure
  • X = Total exports
  • M = Total imports
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