Question

Which is the basic expenditure equation for Gross Domestic Product at Market Price?

विकल्प

• \[GDP_{MP}=C+I+G-(X-M)\]

• \[GDP_{MP}=C-I-G+(X+M)\]

• \[GDP_{MP}=C+I+G+(X-M)\]

• \[GDP_{MP}=C+I-G+(M-X)\]

Answer 1

Gross Domestic Product at Market Price is calculated by adding private consumption, investment, government expenditure, and net exports. Net exports are represented by \(X-M\).