Do the contributions to GDP add up approximately to the growth of GDP?
Do the contributions to GDP add up approximately to the growth of GDP?
Homework Answers
GDP mainly consists of consumption, investment ,government expenditure and net export
All are major parts and contributes maximum the GDP and definitely they add in the growth of GDP as well
For example in any economy which is having trade surplus then this clearly shows that economy is exporting more as compared to importing
So this will add more fund to the economy
same goes for the consumption
For example A huge populated country like India who is majorly dependent on consumption by its own residents helps in contributing major part of their GDP
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Do the contributions to GDP add up approximately to the growth
of GDP?
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