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Identify the three approaches in which a country can compute Gross Domestic Product

Identify the three approaches in which a country can compute Gross Domestic Product

Answers

Dana
The national product approach: this approach computes the GDP by getting the values of the final goods and services produced in the country where the key variable is the prices of goods and services produced
The National Income approach: this approach computes GDP by adding all the incomes from the factors of production and by those factors of production
The national expenditure approach: this approach computes GDP by adding up all the expenditures incurred on the final goods and services produced in that country
Dana05 answered the question on July 3, 2019 at 10:58

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