There are different approaches taken in order to calculate the GDP:
1. the expenditure method: GDP = Private Consumption + Gross investment + Government Spending + (Exports − Imports), or
GDP = C + I + S + (X+I)
2. production approach
" Market value of all final goods and services calculated during 1 year . " The production approach is also called Net Product or Value added method. This method consists of three stages:
3. Income Approach
Total income can be subdivided according to various schemes, leading to various formulae for GDP measured by the income approach. A common one is:
GDP = Compensation of Employees+ Gross operating surplus + Gross Mixed income + taxes less subsidies on production and imports GDP = COE + GOS + GMI + TP & M - SP & MFor more accuracy
no
The global GDP growth rate in real terms for 2008 is 3.2%. See related link for detailed breakdown.
Sectors related to GDP:Agriculture Growth Rate-GDPIndustry Growth Rate- GDPInfrastructure Sector Growth Rate- GDPServices Sector Growth Rate- GDPBusiness Expectations Index Surveys on India GDPIndia GDP and Standard of LivingLimitations of GDP per Capita in Measuring GrowthGDP India vs. GDP ChinaIndia GDP Forecast 2008World Bank India GDPBy Anaya,The Cheesy Animation
The rate of population growth is greater than the rate of population growth.
For more accuracy
The formula for calculating GDP growth rate is: (GDP in current year - GDP in previous year) / GDP in previous year x 100% Here's an example: Suppose the GDP of a country was $1 trillion in 2020 and it increased to $1.2 trillion in 2021. To calculate the GDP growth rate for 2021, we can use the formula above: ($1.2 trillion - $1 trillion) / $1 trillion x 100% = 20% Therefore, the GDP growth rate for 2021 is 20%. This means that the country's economy grew by 20% from 2020 to 2021.
no
The global GDP growth rate in real terms for 2008 is 3.2%. See related link for detailed breakdown.
which growth rate? the GDP rate right now stands at -1.90% the population growth rate is +2.4%
Sectors related to GDP:Agriculture Growth Rate-GDPIndustry Growth Rate- GDPInfrastructure Sector Growth Rate- GDPServices Sector Growth Rate- GDPBusiness Expectations Index Surveys on India GDPIndia GDP and Standard of LivingLimitations of GDP per Capita in Measuring GrowthGDP India vs. GDP ChinaIndia GDP Forecast 2008World Bank India GDPBy Anaya,The Cheesy Animation
It is reported that India's GDP growth rate in 2013 was 4.25 percent.
The question is unclear. The GDP growth rate of the EU is 0,3% change rate for the year 2014.
The average GDP growth rate for the African continent is 5% per year.
The rate of population growth is greater than the rate of population growth.
6.1% to 7%
It depends on what the original rate of growth is.