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KatRina [158]
3 years ago
12

Explain using examples the three measures of measuring GDP​

Business
1 answer:
Nina [5.8K]3 years ago
3 0

Answer: See explanation

Explanation:

The gross domestic product means the value in terms of money of the goods that a nation produces. The three measures of measuring the gross domestic product are:

1. Expenditure approach: This approach has to do with the addition of all the expenses that was incurred in a particular economy on the final goods and services. This can be calculated using C+I+G+(X-M)

where,

C = consumption.

I = investment

G = government expenditure

X = export

M = import

2. Income approach: This involves the addition of all the income that is earned in a particular country for the year. In this case, one will need to add the wages, salaries, interest, profit and rent.

3. Value added approach: This has to do with the addition of the value added which is down at every production level.

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2 years ago
James lives near a university and observes that almost every student uses a cell phone. He decides to open a small shop offering
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The concept of a niche of opportunity refers to the existence of a group of people or companies that have certain needs, and who have the will to meet them and economic capacity to acquire the services or goods necessary for this,<u> in this case James les He offered the good or service to meet this need.</u>

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4 years ago
What are the transactions requirements for chase?
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3 years ago
Goods and services are purchased by businesses as well as by individuals. O a. True O b. False​
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Answer:

true

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A compound document contains linked data from different applications.

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