Question

This method of calculating gdp, which involves summing thevalue added at each stage of production , is called theexpenditure approach.

Answer 1

False. The expenditure approach is found when you add the amount of that was spent to make the final goods and services complete. The expendiure approach is the most widely spread approach used to measure the economy's output. The value added method is the difference between the value of material outputs and inputs during each stage of production.