Which of the following methods is not used to calculate GDP?
A)The sum of all the final goods and services produced by a country's resources
B)The sum of all factor payments plus depreciation and indirect business taxes
C)The sum of all values added at each stage of production
D)The sum of all spending on final goods and services

Question

Quizplus · Accepted Answer

The correct method described in A is actually a description of how GDP is calculated, not a method that is not used. The methods used to calculate GDP include the production (or output or value added) approach, the income approach, and the expenditure approach. Choices B, C, and D describe these methods respectively.

Which of the Following Methods Is Not Used to Calculate