The Two Ways of Looking at GDP Are the

question 211

Multiple Choice

The two ways of looking at GDP are the

• A) output approach and expenditures approach.
• B) income approach and saving approach.
• C) expenditures approach and income approach.
• D) output approach and consumption approach.

---

Definitions:

Cash Flows

The aggregate sum of cash entering and leaving a business, critically impacting its financial fluidity.

Financing Activities

Transactions and events that affect a company's long-term liabilities and equity, including issuing debt, repaying loans, and distributing dividends, as reported in the cash flow statement.

Investing Activities

Transactions that pertain to the acquisition and disposal of long-term assets and investments not included in cash equivalents.

Cash Flow Statement

A financial document summarizing the total cash received from a company's operational activities and external financial sources, alongside all expenditures on business operations and investments over a specific timeframe.