The expenditure approach values ________ and the income approach values ________.
A)goods and services at market prices;services at factor prices
B)goods and services at market prices;goods and services at factor prices
C)only goods at market prices;only services at factor prices
D)services only at factor prices;goods only at market prices
E)goods and services at factor prices;goods and services at market prices

Question

Quizplus · Accepted Answer

The expenditure approach values goods and services at market prices, while the income approach values goods and services at factor prices, reflecting the income earned by factors of production.

The Expenditure Approach Values ________ and the Income Approach Values