One way to estimate GDP is to:
A) measure the total expenditure of an economy.
B) add up all the money people spend buying final and intermediate goods and services.
C) add together the market value of only final services sold in the economy.
D) add together the market value of only final goods sold in the economy and not services.

Question

Quizplus · Accepted Answer

GDP can be estimated by measuring the total expenditure of an economy, which includes consumption by households, investment by businesses, government spending, and net exports. This method is known as the expenditure approach and is one of the three methods for calculating GDP, the other two being the income approach and the production approach.

One Way to Estimate GDP Is To