We can measure total production by:
A) adding up what people spend on final goods and services.
B) adding up everyone's asset wealth.
C) comparing cost of inputs to final sale price.
D) adding up all spending in the economy on all goods and services.

Question

Quizplus · Accepted Answer

Total production can be measured by adding up what people spend on final goods and services, which reflects the GDP using the expenditure approach.

We Can Measure Total Production By