GDP equals

Question

GDP equals

Quizplus · Accepted Answer

GDP (Gross Domestic Product) can be measured in three ways: through aggregate expenditure (the total amount spent on the nation's finished goods and services), aggregate income (the total income earned by the factors of production in an economy, including wages, rent, interest, and profits), and the value of aggregate production (the market value of all final goods and services produced within a country in a given period). All three approaches should theoretically yield the same GDP figure, hence D) all of the above is correct.

GDP Equals