How does the expenditure approach calculate GDP?
a. It adds up all the incomes in the economy.
b. It adds up the value of four groups of final goods and services.
c. It adds up the value of business goods and services.
d. It adds up the value of consumer goods and services

How does the expenditure approach calculate GDP?

b. It adds up the value of four groups of final goods and services.

The 4 groups are:
1) Consumption
2) Government spending
3) Investments
4) Net Exports

Answer Link

destinyfletcher destinyfletcher · Answer 2 · 2018-11-02T22:09:34+01:00

destinyfletcher destinyfletcher

02-11-2018

The correct answer is B. It adds up the value of our groups of finals goods and services

Answer Link

How does the expenditure approach calculate GDP? a. It adds up all the incomes in the economy. b. It adds up the value of four groups of final goods and services. c. It adds up the value of business goods and services. d. It adds up the value of consumer goods and services

Respuesta :

Otras preguntas

How does the expenditure approach calculate GDP?
a. It adds up all the incomes in the economy.
b. It adds up the value of four groups of final goods and services.
c. It adds up the value of business goods and services.
d. It adds up the value of consumer goods and services