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What is the procedure to calculate countries economy?

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What is the procedure to calculate countries economy?

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  1. Yes the GDP equation mentioned above is the traditional measure. Inflation and unemployment levels are also a strong consideration along with the growth rate figure.


  2. GDP = C + I + G + (X - M)

    Gross Domestic Product = Consumption + Investment + Government Spending/Investment + Exports - Imports.

    G can be G1 and G2.
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