What Is the Formula for the Calculating GDP Using the Factor

question 107

Short Answer

What is the formula for the calculating GDP using the factor income approach?

---

Definitions:

Megakaryocyte

A large bone marrow cell responsible for the production of blood thrombocytes (platelets), which are critical in blood clotting.

Thrombocyte

Another term for platelet, a cell fragment in the blood essential for clotting and wound repair.

Erythrocyte

A red blood cell that carries oxygen from the lungs to the body's tissues and returns carbon dioxide from the tissues back to the lungs.

Granulocyte

A type of white blood cell characterized by the presence of granules in its cytoplasm, which are visible under a microscope; it plays a major role in the body's defense against infection.