Answer:
Explain the three ways to calculate and measure GDP.
a. Expenditure Approach
b. Income Approach
c. Value Added Approach
Answer:
GDP can be measured in three different ways the value added approach, the income approach, how much is earned as income on resources used to make stuff, and the expenditures approach, how much is spent on stuff. However, you will likely run into the expenditures approach the most as you progress through this course.
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