Gross Regional Domestic Product of Merangin Regency by Expenditure 2019-2023

Gross Regional Domestic Product (GRDP) is one of the economic data sets that can be used to evaluate the economic development performance of a region (province or regency/city). This data set can also be used for other purposes and interests, such as a basis for developing economic models in the framework of formulating policies, and the rate of acceleration of the money supply (velocity of money). Financial deepening, tax determination, export, and import studies, and so on. According to macroeconomic theory, the calculation of GRDP can be carried out through three approaches, namely: the production/supply approach (GRDP according to Business Field/industry), the expenditure/final demand approach (GRDP according to expenditure), and the income approach (GRDP according to income/income). The three calculation approaches in theory will produce the exact GRDP figure.