Calculating in the dark : Revista Pesquisa Fapesp
Calculating GDP is usually relatively uncomplicated. The total amount of household consumption of goods and services is summed with corporate investments, government disbursals, and total nationwide exports and imports during a given period. By knowing how the economy has behaved previously and the trajectory of primary economic variables such as interest and foreign exchange rates, the performance of principal trading partners, and current prices of exports, among other factors, it is possible to predict the country’s production and consumption over subsequent months and years. The same pr...
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