Question

whαt αrє thє mєαthσdѕ σf gdp cαlculαtíng?

вч cutíєqчєєn​

Answer 1

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.

Are you Afreen Aunty? -__-"

Answer 2

3 Methods of Gross Domestic Product (GDP) Calculation are :

• Income method
• expenditure method
• production(output) method.

Only final goods and services are counted in G.D.P. because: (i) The value of final goods already includes the value of all intermediate goods.