GDP Calculator for Android

11 things about GDP Calculator

1. It includes salaries of public servants, military purchases, and investment expenditures by the government, but excludes transfer payments like social security or unemployment benefits.

2. Gross Domestic Product is a monetary measure of the market value of all the final goods and services produced in a period, often annually or quarterly.

3. GDP Calculator - A finance calculator to find GDP given consumption, investment, government spending, exports, and imports.

4. G (Government Spending): The sum of government expenditures on final goods and services.

5. X (Exports): Represents gross exports, capturing the amount a country produces for other nations' consumption.

6. C (Consumption): Typically the largest GDP component, consisting of private expenditures in the economy (household final consumption expenditure).

7. M (Imports): Represents gross imports, which are subtracted since they are included in C, I, or G, and must be deducted to avoid counting foreign supply as domestic.

8. GDP (Y) is the sum of consumption (C), investment (I), government spending (G) and net exports (X – M).

9. These personal expenditures fall under durable goods, non-durable goods, and services.

10. I (Investment): Includes business investments in equipment, construction of new buildings, and purchase of machinery and equipment for factories.

11. The GDP (Gross Domestic Product) can be calculated using either the expenditure approach or the resource cost-income approach.