Examlex
Is it fair to depict Texas as most tornado prone area of the U.S.by showing it has the highest number of tornados of all states in the U.S.?
Expenditures Approach
A way of computing GDP by adding up the dollar value at current market prices of all final goods and services.
Income Approach
Method of finding GDP by adding all the incomes earned in the production of final goods and services.
Gross Domestic Product
The overall market or monetary value of all completed goods and services that have been created inside the confines of a nation during a defined timeframe.
Market Value
The current price at which an asset or service can be bought or sold in the marketplace.
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