The three approaches to measuring GDP are called the
A) accounting approach, the income approach, and the expenditure approach.
B) product approach, the cost approach, and the expenditure approach.
C) product approach, the income approach, and the expenditure approach.
D) accounting approach, the statistical approach, and the income approach.
E) accounting approach, the statistical approach, and the product approach.

Question

Quizplus · Accepted Answer

The three approaches to measuring GDP are indeed the product approach, the income approach, and the expenditure approach. Options A and B have an incorrect approach listed, while options D and E have a non-existent or incorrect approach listed.

The Three Approaches to Measuring GDP Are Called the