Question
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
____________________________________
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
Answers
Ms. Sue
No.
http://www.investopedia.com/terms/e/expenditure-method.asp
http://www.investopedia.com/terms/e/expenditure-method.asp
♥Nirvana♥
I'm probably wrong but I think it is C
♥Nirvana♥
no its not C either
♥Nirvana♥
grrrr, my brain is fried
Reed
I think this has your answer:
http://econport.org/content/handbook/NatIncAccount/CalculatingGDP/Expenditures.html
http://econport.org/content/handbook/NatIncAccount/CalculatingGDP/Expenditures.html