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Author Question: According to the expenditures approach, gross domestic product represents the sum of consumption ... (Read 43 times)

ereecah

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  • Posts: 530
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


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enass

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


ereecah

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  • Posts: 530
Reply 2 on: Jun 30, 2018
Wow, this really help

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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