How to Calculate GDP (Gross Domestic Product) - Step-by-Step Example
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How to Calculate GDP (Gross Domestic Product) - Step-by-Step Example
Struggling with your macroeconomics homework? This video provides a clear, step-by-step solution to a classic national income accounting problem. Watch as we take a set of raw economic data (private consumption, gross investment, government purchases, taxes, etc.) and use the "Sources and Uses" (Expenditure Approach) to calculate: Government ...
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