Question

Write down the three identities of calculating the GDP of a country by the three methods.?????​

Answer 1

Heya...

Three identies that are used to calculate the national income are known as triple identies :-

Value added = Income generated = Expenditures

In this way there are three methods to calculate the national. Income as how much goods and services produced and from then how much income generated and what we spend all will equal to make triple way to round national income...

Answer 2

Heya mate

There are three ways of calculating GDP - all of which in theory should sum to the same amount:

(1) National Output = National Expenditure (Aggregate Demand) = National Income.

(2) The Expenditure Method - Aggregate Demand (AD).

GDP = C + I + G + (X-M) where.

(3) The Income Method – adding together factor incomes.