How does an economist calculate gdp for one year using the expenditure approach?
a. add toget...
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How does an economist calculate gdp for one year using the expenditure approach?
a. add together all the amounts spent on final goods and services.
b. add up all the incomes received.
c. add the amounts spent on goods and services to the incomes received.
d. subtract the amounts received as income from the goods and services.
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Answers: 2
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