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8090 [49]
4 years ago
14

When government statisticians gather and analyze data on the purchases of goods and services producedpurchases of goods and serv

ices produced in the domestic​ economy, they are measuring GDP using the​ ____________.
Business
1 answer:
e-lub [12.9K]4 years ago
4 0

When government statisticians gather and analyze data on the purchases of goods and services produced in the domestic​ economy, they are measuring GDP using the​ expenditure-accounting method.

<h3><u>Explanation:</u></h3>

The Gross Domestic Product of any country can be calculated using the expenditure method of accounting. The result from this method is the summation of the investments, spending of consumers, expenditure incurred by the government and the net exports of the country. The aggregate demand will be equal to the GDP equation in longer run.

Income approach can be considered as an alternative method for this expenditure accounting method. It calculates GDP by subtracting the imports of the country from the added values of consumption, investment, government expenditure and the net exports. When the statisticians of government gather and analyze data on the purchases of goods and services produced in the domestic​ economy, they are measuring GDP using the​ expenditure-accounting method.

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3 years ago
Unlike goods, services:
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Answer:

(D) are more heterogeneous and less standardized and uniform

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Since services have greater heterogeneity, there is some variability of inputs and output in services, so they tend to be less standardized and uniform than goods.

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Accounting data can have bias or data that should not necessarily be included due to a couple of factors.

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D: Geographic segmentation

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