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Indirect business tax - PowerPoint PPT Presentation

Three Approaches in calculating GDP

Three Approaches in calculating GDP. Three Approaches. Mary spends a final good $10, the market value is $10, the income to the factors is $10 National Expenditure =National Output = National Income 1. Expenditure approach 2. Output approach 3. Income approach. Expenditure Approach.

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2.96k views • 44 slides

TCO 4

TCO 4. Given current National Income accounts data, calculate the Gross Domestic Product using both income and expenditure methods used by the U.S. Commerce Department. Define Gross Domestic Product (GDP). Analyze the measurement of GDP using the income and expenditure approaches.

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256 views • 12 slides

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Indirect business tax - PowerPoint PPT Presentation

Three Approaches in calculating GDP

TCO 4