Wolfram Computation Meets Knowledge

Gross Domestic Product Production

The production approach to gross domestic product looks at the value added to goods sold.

The gross domestic product equals the sales value of goods minus the purchase value of intermediate goods.


QuantityVariable["GDP", "Money"] == -QuantityVariable[Subscript["V", "P"], "Money"] + QuantityVariable[Subscript["V", "S"], "Money"]

symbol description physical quantity
GDP gross domestic product "Money"
VP purchase value of intermediate goods "Money"
VS sales value of goods "Money"



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