Which of the following is the most detail-orientated approach used to calculate GDP?O none of the listedall of the listedO expenditureO factor paymentsO value added

The gross domestic product (GDP) of a country is a measure of its economic output.It includes all…

Answered: Which of the following is the most…

Which of the following is the most detail-orientated approach used to calculate GDP? O none of the listed Oall of the listed O expenditure O factor payments O value added

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 24CTQ: Why is the GDP deflator not an accurate measure of inflation as it impacts a household?

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Which of the following is the most detail-orientated approach used to calculate GDP?
O none of the listed
all of the listed
O expenditure
O factor payments
O value added

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