At the end of the year 2022, Statistics South Africa estimated the total amount spent on consumption, government purchases, investment and net export of goods and services to arrive at the country's GDP. What measurement approach is described above? a) Value added. b) Income. c) Expenditure. d) Factor cost

At the end of the year 2022, Statistics South Africa estimated the total amount spent on consumption, government purchases, investment and net export of goods and services to arrive at the country's GDP. What measurement approach is described above? a) Value added. b) Income. c) Expenditure. d) Factor cost

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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