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Gross Domestic Product

Undergraduate4 min readMAK ECO110
Learn Gross Domestic Product in Efiko
GDP by expenditure: C + I + G + (X - M).
GDP by expenditure: C + I + G + (X - M).

Gross Domestic Product (GDP) is the total market value of all final goods and services produced within a country in a given period. The expenditure approach adds four components: Consumption (C), Investment (I), Government spending (G), and Net exports — exports minus imports (X - M).