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GDP (Barry Su) (GDP Types (GDP (I) (Derived as the sum of factor incomes,…
GDP (Barry Su)
GDP Types
GDP (I)
Derived as the sum of factor incomes, consumption of fixed capital (depreciation) and taxes less subsidies on production and imports.
GDP (P)
Sum of gross value added for each industry, at basic prices, plus taxes less subsidies on products.
GDP (E)
Sum of expenditures on household consumption, government consumption, gross fixed capital expenditure, changes in inventories and net exports.
Norminal GDP
When you compare GDP, it is influenced by inflation.
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