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GDP: are the abbreviations of "Gross Domestic Product",
GDP Equation is as follows:
GDP = C + I + G + ( X - M )
when,
C = The sum of consumption I = Investment G = Governmental sending
X = Exports M = Imports
Gross Dometic Product.
GDP = C + I + G + (Ex - Im), where “C” equals spending by consumers, “I” equals investment by businesses, “G” equals government spending and “(Ex - Im)” equals net exports, that is, the value of exports minus imports. Net exports may be negative.
