Business Studies, asked by PIkku05027, 3 months ago

Total output method and Rev method

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Answered by surbhi8542

Answer:

The output approach focuses on finding the total output of a nation by directly finding the total value of all goods and services a nation produces. ... The expenditure approach is basically an output accounting method.

A total revenue test approximates the price elasticity of demand by measuring the change in total revenue from a change in the price of a product or service.

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