The Two Main Methods of Measuring GDP Are

question 102

Multiple Choice

The two main methods of measuring GDP are

• A) the income approach and the expenditure approach.
• B) the income approach and the receipts approach.
• C) the goods approach and the services approach.
• D) the saving approach and the investment approach.

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Definitions:

Prerequisite

A requirement that must be met before undertaking something else, often referring to courses that must be completed before advancing in education.

Physical Environment

Refers to the tangible, material surroundings in which organisms live, including both natural and built aspects.

Self-Esteem

A person's overall subjective sense of personal worth or value.

Social Support

The psychological and material resources provided by a social network to help individuals cope with stress.