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Author Question: According to the expenditures approach, gross domestic product represents the sum of consumption ... (Read 10 times)

ereecah

  • Hero Member
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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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Marked as best answer by a Subject Expert

enass

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

True

Answer to Question 2

False


ereecah

  • Member
  • Posts: 530
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

skipfourms123

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Reply 3 on: Yesterday
Excellent

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