what is the expenditure approach compared with the income approach to calculating GDP?
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Answer:
The income approach to calculating GDP is labor income + rental income +interest income + profits = national income. The expenditure approach involves counting expenditures on goods and services by different groups in the economy.
Anonymous at ChaCha Visit the source
Other answers
The income approach to calculating GDP is labor income + rental income +interest income + profits = national income. The expenditure approach involves counting expenditures on goods and services by different groups in the economy.
Dale Chan
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