If the income and expenditure approaches do NOT add to exactly the same estimate of GDP, the difference is called
A) a statistical discrepancy.
B) direct taxes.
C) a subsidy.
D) depreciation.
E) All of the above.
Correct Answer:
Verified
Q31: In comparing the magnitudes of the components
Q32: The purchase of 500 Westpac shares by
Q33: According to the income approach to measuring
Q34: Q35: In 2017/18, Australian GDP was Q37: In the circular flow, how are the Q38: Because of the circular flows of expenditure Q39: Real GDP measures the value of goods Q40: The following are all final goods EXCEPT Q41: ![]()
A) $1,848 billion
A)![]()
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