Question

1. The sum of final expenditures in the economy
must be equal to the incomes received by all the factors of production taken together. ​

Answer 1

Answer:

The sum of final expenditures in the economy must be equal to the incomes received by all the factors of production taken together (final expenditure is the spending on final goods, it does not include spending on intermediate goods). ... The expenditure method looks at the demand side of the GDP.