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GDP = Consumption (C) + Investment (I) + Government Spending (G) + Net Exports (X − M). This expenditure method measures total economic output by summing all spending in an economy.
Review the inputs carefully and treat the output as an estimate. For decisions involving money, taxes, health, law, or security, compare the result with trusted professional guidance when needed.
What is GDP per capita?
GDP per capita = GDP / population. It estimates average economic output per person and is used to compare living standards across countries.
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