🤔 How …….. ⁉
What is GDP? How it is calculated?
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period.
It is the sum total of all goods and services produced in a country, expressed in money terms, during a specific period, generally an year. GDP is used to difference the cost of living and the inflation rates of the countries.
GDP became the main tool for measuring a country’s economy.
The modern concept of GDP was first developed by Simon Kuznets for a US Congress report in 1934.
Types of GDP Measurements
Real GDP is the gross domestic product, and measured with respect to a base year. It is adjusted to inflation and hence is also known as inflation-corrected GDP or current price.
Nominal GDP is measured based on prevailing current market prices, without taking into account the effects of inflation or deflation.
It depicts the monetary value of goods and services produced in a country in one financial year.
GDP per capita: The ratio of GDP to the total population of the region is the per capita GDP and the same is called Mean Standard of Living.
The GDP formula is mathematically represented as:
Y = C + I + G + (X − M)
here,
Y = Gross domestic product
C = Consumption
I = Investment
G = Government spending
X = Exports
M = Imports
😳Why❓❓❓
Why do we get angry when we interact with certain people or if we see certain things?
The traits which we tend to dislike or critise in others are the traits which we dislike about ourselves. They will be get registered in the subconscious mind. So we come in contact with such traits or such things, it triggers our subconscious mind and we react in different manner.
When certain traits in some personality triggers a negative thought in you, their is something with in you, that is coming up. Ready to be identify, meditate and heal it.
It represents the issues in your past that are unresolved. So whenever we are angry or afraid, we are back on the love and chosen to have faith in ego. It means sub consciously we like people of our traits.
This makes us to get angry on others for their work. But his choice might be correct from his angle of perception.
💁🏻♂️ GK TODAY
Photographic camera invented by Nicéphore Niépce in 1820s
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Ch. Naveen Kumar |
