GDP can be found by adding the final value of all goods and services produced or by totaling all factor incomes (including indirect business taxes and depreciation) for the period.

Question

Quizplus · Accepted Answer

This is a true statement about how to calculate GDP. GDP can be calculated by either adding up the final value of all goods and services produced (the expenditure approach) or by adding up all factor incomes (the income approach) including indirect business taxes and depreciation for the period.

GDP Can Be Found by Adding the Final Value of All