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25. Which statement is true? a. The income method for calculating GDP gives a higher result for GDP than the expenditure method b. The product method for calculating GDP gives a higher result for GDP than the expenditure method c. all methods for calculating GDP by construction give the same result d. The results for GDP using the 3 methods are unequal, regardless which is the biggest

25. Which statement is true? a. The income method for calculating GDP gives a higher result for GDP than the expenditure method b. The product method for calculating GDP gives a higher result for GDP than the expenditure method c. all methods for calculating GDP by construction give the same result d. The results for GDP using the 3 methods are unequal, regardless which is the biggest

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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25. Which statement is true? a. The income method for calculating GDP gives a higher result for GDP than the expenditure method b. The product method for calculating GDP gives a higher result for GDP than the expenditure method c. all methods for calculating GDP by construction give the same result d. The results for GDP using the 3 methods are unequal, regardless which is the biggest
Transcribed Image Text:25. Which statement is true? a. The income method for calculating GDP gives a higher result for GDP than the expenditure method b. The product method for calculating GDP gives a higher result for GDP than the expenditure method c. all methods for calculating GDP by construction give the same result d. The results for GDP using the 3 methods are unequal, regardless which is the biggest
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