The two principle methods of measuring Gross Domestic Product are the
A) flow approach and the stock approach.
B) expenditures approach and the income approach.
C) intermediate approach and the value-added approach.
D) domestic approach and the international approach.

Question

Quizplus · Accepted Answer

The two principle methods of measuring Gross Domestic Product are the expenditures approach and the income approach. The expenditures approach adds up all the spending on final goods and services in the economy while the income approach adds up all the income generated by the production of final goods and services in the economy.

The Two Principle Methods of Measuring Gross Domestic Product Are