Business Studies, asked by siallen3428, 11 months ago

Calculate gnp at mp by expenditure method when gross capital formation is given

Answers

Answered by ruhi455
2

Explanation:

Key Points

The expenditures approach says GDP = consumption + investment + government expenditure + exports – imports.

The income approach sums the factor incomes to the factors of production.

The output approach is also called the “net product” or “value added” approach.

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