Solved: What is the equation use to calculate gross domestic product, Macroeconomics

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What is the equation use to calculate gross domestic product

Discussion Post: Principle of Economics

a) What does Gross Domestic Product (GDP) measure?

b) What is the equation used to calculate Gross Domestic Product (GDP)?

c) In two or more sentences describe the difference between Real Gross Domestic Product (GDP) and Nominal Gross Domestic Product?

d) Identify at least three factors that are omitted from our country Gross Domestic Product (GDP)?

The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.

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