Gross Domestic Product is counted using two methods: one which counts all the ways people _____ money and another which counts all the ways people _____ money.

Question

Quizplus · Accepted Answer

The first method, known as the income approach, counts all the ways people earn money, including wages, salaries, interest, and profits. The second method, known as the expenditure approach, counts all the ways people spend money, including consumption, investment, government spending, and net exports. Therefore, choice A, which includes both earning and spending money, is the best answer.

Gross Domestic Product Is Counted Using Two Methods: One Which