1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marizza181 [45]
1 year ago
15

Why do economists calculate gdp by both the expenditure approach and the income approach?.

Business
1 answer:
Zanzabum1 year ago
5 0

Economists calculate GDP by both the expenditure approach and the income approach Since the combined estimates from the two approaches produce a more accurate measure of GDP, economists typically employ both methods to calculate GDP.

What is the full form of GDP?

Full form of the word GDP is Gross Domestic Product. GDP is the total financial or market value of all finished products and services produced within a country's borders during a specific period of time. It acts as a precise gauge of total domestic output and a comprehensive report card on the state of a nation's economy.

  • For instance, the building sector has expenditures that are incurred before there is revenue generated. Therefore, the spending strategy is more suited for this kind of industry.

In contrast, the revenue strategy is more suited for the service industry than the spending method.

To learn more about Approaches to calculate GDP, click the links

brainly.com/question/4191904

#SPJ4

You might be interested in
In marketing, advertisements or salespeople can activate a consumer's purchase decision process by _________.a. showing the shor
Natasha2012 [34]

Answer:

The correct answer is the option B: manipulating a customer's want into a need.

Explanation:

To begin with, in the field of marketing there are several instruments that can be used in order to obtain the customer's attention, such as the advertisements and the salespeople. Moreover, these two types of tools can generate in the client a shift in his behavior that makes him feel that his desire or want is now a new need that must be satisfy. Therefore that the advertisements tend to capture the people's attention with bright colors and wonderfull and desired situations. And the salespeople tend to push the clients into buy some items that may complement the primary product that they are buying.

7 0
3 years ago
Read 2 more answers
Data below for the year ended December 31, 2021, relates to Houdini Inc. Houdini started business January 1, 2021, and uses the
katrin [286]

Answer:

70.3%

Explanation:

Current period cost-to-retail percentage is:

  • Beginning inventory  $70,000     $107,000
  • Plus: Net Purchases  $302,290  $450,000
  • Plus: Net markups                         $23,000
  • Less: Net markdowns                   ($43,000)

Goods available for sale (excluding beginning inv.) $302,290   $430,000

Goods available for sale (including beginning inv.)  $372,290   $537,000

Cost-to-retail percentage = $302,290 / $430,000 = 70.3%

5 0
3 years ago
The criteria that parties to a contract must be in agreement is also known as
irga5000 [103]

Answer:

C: Mutual Assent.

Explanation:

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

Hence, the criteria that parties to a contract must be in agreement is also known as mutual assent.

<em>In a nutshell, mutual assent connotes agreement, acceptance and consent to a contract by both parties. </em>

7 0
3 years ago
Karl Metzger plans to invest $5,000 in a partnership with his brother to produce and sell handcrafted violins, zithers, and othe
Svet_ta [14]

Answer:

A silent partner

Explanation:

A silent partner is a partner whose liability is limited to the amount invested in the project. Also, a limited partner hardly takes part in the day to day running of the business.

I hope my answer helps you

8 0
3 years ago
A. statistics encompasses all scientific disciplines in which percentages are​ used, data are​ analyzed, and probabilities are f
Arisa [49]
<span>The anser is(B): Statistics is the science of​ collecting, organizing,​ summarizing, and analyzing information to draw a conclusion and answer questions. in​ addition, statistics is about providing a measure of confidence in any conclusions. The first step in statics involves collection of the relevant information (data) that is required. This can be from the primary (first hand) source or from secondary source (information already collected and available from other sources) The second step involves organization and analysis of the collected information or data Then the last step is where the analyzed data is interpreted and presented in a form which one can be able to draw confident conclusions from it.</span>
4 0
3 years ago
Other questions:
  • Consider an economy that produces only two goods: fresh apricots and dried apricots. In this economy, the technology of producin
    12·1 answer
  • Briefly describe the evolution of partnering. discuss the forces that contributed to this approach to selling.
    5·1 answer
  • wifty Corporation has 9,200 shares of common stock outstanding. It declares a $3 per share cash dividend on November 1 to stockh
    13·1 answer
  • Adverse selection occurs in the market for used cars because used car buyers ______
    6·1 answer
  • True or false if something is legal, it is also ethical
    5·1 answer
  • You are the project manager of the BHY Project. Your project customer has demanded that the project becompleted by December 1. D
    13·1 answer
  • Refer to the following selected financial information from Shakley's Incorporated. Compute the company's return on total assets
    11·1 answer
  • Which of the following is true about obtaining a credit card?
    11·1 answer
  • Why does the US import so much from china?
    12·2 answers
  • The simple interest rate is 7% per year. if james deposits 10,000 at the end of 18 months coursehero
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!