How should Robert's contributions to GDP be calculated?
A) using his income,not his expenditure
B) using his expenditure,not his income
C) using both his income and his expenditure
D) using either his income or his expenditure,but not both

Question

Quizplus · Accepted Answer

GDP can be calculated using either the income approach or the expenditure approach, but not both simultaneously for the same contribution, as they are two different methods to measure the same economic activity.

How Should Robert's Contributions to GDP Be Calculated