Which of the following is NOT a method to calculate GDP? (2020)
Practice Questions
1 question
Q1
Which of the following is NOT a method to calculate GDP? (2020)
Production approach
Income approach
Expenditure approach
Consumption approach
The consumption approach is not a recognized method to calculate GDP; the three main methods are production, income, and expenditure approaches.
Questions & Step-by-step Solutions
1 item
Q
Q: Which of the following is NOT a method to calculate GDP? (2020)
Solution: The consumption approach is not a recognized method to calculate GDP; the three main methods are production, income, and expenditure approaches.
