GDP may be calculated as either the production of,or the income generated by,the value of final goods and services produced within an economy.

Question

Quizplus · Accepted Answer

GDP can be calculated through the production approach, which adds up the value of all goods and services produced within an economy, or through the income approach, which adds up all the income generated by the production of goods and services. Therefore, the statement is true.

GDP May Be Calculated as Either the Production Of,or the Income