What steps are involved in the …

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What steps are involved in the estimation of GDP ? who conducts this process?

Posted by Ayush Dekate 6 years, 6 months ago

CBSE > Class 10 > Social Science

1 answers

Shreya... #Be Positve Be Happy 6 years, 6 months ago

The sum of production in the 3 sectors gives us the GDP. The money values of goods and services should be added rather than adding up the actual numbers.The value of final goods alone should be added as the value of intermediate goods is already included in the value of final goods. This task is undertaken by the Central Government Ministry. This organisation collects information relating to the total volume of goods and services and their prices and then estimates the GDP.

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