How gdp is measured through expenditure approach

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Reference no: EM13772994

Who compiles data for the national accounting in US?

How GDP is measured through income approach?

How GDP is measured through expenditure approach?

What are the differences between income and expenditure approaches in measuring GDP?

Income approach includes:

-National Income includes

- Compensation of employees

- Rents

- Interest

- Proprietor's income

- Corporate profits

-Taxes on production and imports

What should be considered during measuring GDP?

Reference no: EM13772994

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