One way to estimate GDP is to:
A) measure the total expenditure of an economy.
B) add up the value of final and intermediate goods and services sold in a given year.
C) add together the market value of final services sold in the economy.
D) add together the market value of final goods sold in the economy, but not services.

Question

Quizplus · Accepted Answer

Measuring the total expenditure of an economy through consumption, investment, government spending, and net exports is one common way to estimate GDP. This is known as the expenditure approach to GDP calculation. The other choices, B, C, and D, focus on specific components of GDP, rather than providing a comprehensive estimate of the economy's performance.

One Way to Estimate GDP Is To