What is the largest category calculated when using the expenditure approach to calculate GDP?
B. net exports
D. government purchase
consumption is the largest category calculated when using the expenditure approach to calculate GDP.
]Auto answered|Score 1|emdjay23|Points 805|User:
When calculated correctly, the income approach and the expenditure approach should
A. equal each other.
B. negate each other.
C. reveal a difference of 25%.
D. reveal a difference of 50%.
C. reveal a difference of 25%.Auto answered|Score .6|Elle124|Points 298|User:
One way to calculate GDP is the income approach, which
A. adds up all the money spent by all the buyers.
B. adds up all the income collected by all the sellers.
C. adds up all revenue earned by overseas companies.
D. adds up all revenue earned by foreign companies with the nation.
One way to calculate GDP is the income approach, which B. adds up all the income collected by all the sellers. [www.econport.org/content/handbook/NatIncAccount/CalculatingGDP/Income.html
]Auto answered|Score .6|debnjerry|Points 45483|User:
Calculating the nominal GDP as opposed to the real GDP helps clarify actual
A. revenue earned in past quarters.
B. measure of input in terms of actual revenue.
C. earnings achieved through outsourced labor.
D. measure of output in terms of actual dollar value.
Given that GDP is defined as the value of currently produced goods and services, changes in GDP can result from changes in prices and/or changes in outputs. [ Positive growth in GDP due to increases in output is generally recognized as a Good, while increases in GDP due to price increases is generally recognized as a Bad. To distinguish between the two effects, the government generates two measures of GDP, Constant $ GDP and Current $ GDP ] Auto answered|Score .6|AwesomeGuy400|Points 0|User:
Calculating the real GDP as opposed to the nominal GDP helps clarify actual
C. revenue earned.
D. production output.
Calculating the real GDP as opposed to the nominal GDP helps clarify actual D. production output. Auto answered|Score 1|selymi|Points 10306|
All Categories|No Subcategories|Auto Answered|4/1/2013 11:20:36 AM