GDP = Consumption + Investment + Government Spending + Net Exports Accordingly, GDP is defined by the following formula: One way gross domestic product (GDP) is calculated-known as the expenditure approach-is by adding the expenditures made by those three groups of users. In economics, the final users of goods and services are divided into three main groups: households, businesses, and the government. It is used throughout the world as the main measure of output and economic activity. It includes all final goods and services-that is, those that are produced by the economic agents located in that country regardless of their ownership and that are not resold in any form. Gross domestic product (GDP), total market value of the goods and services produced by a country’s economy during a specified period of time. SpaceNext50 Britannica presents SpaceNext50, From the race to the Moon to space stewardship, we explore a wide range of subjects that feed our curiosity about space!.Learn about the major environmental problems facing our planet and what can be done about them! Saving Earth Britannica Presents Earth’s To-Do List for the 21st Century.100 Women Britannica celebrates the centennial of the Nineteenth Amendment, highlighting suffragists and history-making politicians. COVID-19 Portal While this global health crisis continues to evolve, it can be useful to look to past pandemics to better understand how to respond today.Student Portal Britannica is the ultimate student resource for key school subjects like history, government, literature, and more.This Time in History In these videos, find out what happened this month (or any month!) in history.#WTFact Videos In #WTFact Britannica shares some of the most bizarre facts we can find.Demystified Videos In Demystified, Britannica has all the answers to your burning questions.Britannica Classics Check out these retro videos from Encyclopedia Britannica’s archives.Britannica Explains In these videos, Britannica explains a variety of topics and answers frequently asked questions.
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