What are the four different measures of gdp, Macroeconomics

Assignment Help:

What are the Four different measures of GDP

Using circular flow model we see that there are 4 equivalent techniques of measuring GDP:

  • Using the definition: market value of all finished goods (expenditure method)
  • As sum of all value added from all firms (value added method)
  • As sum of consumption (government and private), investment and net exports (components method)
  • As sum of all returns from factor markets: return on capital, wages and so on (income method)

 


Related Discussions:- What are the four different measures of gdp

Telemarketer makes six phone calls, A telemarketer makes six phone calls pe...

A telemarketer makes six phone calls per hour and is able to make a sale on 30 percent of these contacts. During the next two hours, find: A) The probability of making exactly four

Should the fiscal policy be active or passive?, In the view of above compli...

In the view of above complications, there is a long-standing debate on whether the fiscal policy should be active or passive in nature. Note that in the Keynesian context; even a p

Balance between automation and labor, Businesses often decide between using...

Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs, and an industry that utilizes

International trade, developing countries benefit through international tra...

developing countries benefit through international trade from developed countries

New screening methods adopted price do you exect prevail, You are the manag...

You are the manager of an organization in America that distributes blood to hospitals in all 50 states and the District of Columbia. A recent report indicates that nearly 50 Americ

Marginal cost of seating a theatergoer, 1. if the marginal cost of seating ...

1. if the marginal cost of seating a theatergoer is $5 an the elasticity of demand is -3, the profit maximizing price is? 2. A firm determined that its total cost of production

Calculating a country''s balance of payments, Which of the following is con...

Which of the following is considered when calculating a country's balance of payments? Military expenditures state unemployment domestic inflation rates foreign inflation rates.

United states population, In 2010, Forbes magazine listed Bill Gates, the f...

In 2010, Forbes magazine listed Bill Gates, the founder of Microsoft, as the richest person in the United States. His personal wealth was estimated to be $53 billion. If there were

Price, The prices of fresh fruits have risen recently in the Jackson area. ...

The prices of fresh fruits have risen recently in the Jackson area. Why would this have occurred? Explain.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd