The Two Principle Methods of Measuring GDP Are

question 82

Multiple Choice

The two principle methods of measuring GDP are

• A)the flow approach and the stock approach.
• B)the expenditures approach and the income approach.
• C)the intermediate approach and the value-added approach.
• D)the domestic approach and the international approach.

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Definitions:

Draft

A preliminary version of a piece of writing, document, or legislation that is subject to further revision and editing.

Drawer

The party that writes and signs a check, directing a bank to pay the check's amount to the person or entity named as the payee.

Drawee

The party on whom a check or draft is drawn, and who is expected to pay the amount specified.

Approach-approach Conflict

A psychological dilemma that occurs when an individual must choose between two desirable options.