All of the following are measures of GDP except the total:
A) expenditures of all businesses in the economy.
B) income from all production in the economy.
C) expenditures on all final goods produced.
D) value of all final production.

Question

Quizplus · Accepted Answer

While expenditures of all businesses in the economy are included in the calculation of GDP through the expenditure approach, it is not a standalone measure of GDP. GDP is measured either through the expenditure approach (sum of all expenditures on final goods and services) or the income approach (sum of all incomes generated from production). The value of final production is also not a standalone measure, but rather a component of the expenditure approach. Therefore, the correct answer is A) expenditures of all businesses in the economy.

All of the Following Are Measures of GDP Except the Total