Author Question: According to the expenditures approach, gross domestic product represents the sum of consumption ... (Read 49 times)

ereecah · **on:** Jun 30, 2018

According to the expenditures approach, gross domestic product represents the sum of consumption spending, government spending, net exports, and net investment.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The value added approach involves adding up the value of the final product and the value of intermediate goods used in the production process.
a. True
b. False
Indicate whether the statement is true or false