Categorize the terms based on whether they are used to calculate GDP based on the components of demand (also known as the expenditure approach) or by what is produced. If a term does not belong in either category, please leave it unplaced. Used to measure demand-based GDP, or the national Used to measure production-based GDP spending approach durable final goods nondurable final goods consumption services structures government change in inventories trade balance investment intermediate goods

Categorize the terms based on whether they are used to calculate GDP based on the components of demand (also known as the expenditure approach) or by what is produced. If a term does not belong in either category, please leave it unplaced. Used to measure demand-based GDP, or the national Used to measure production-based GDP spending approach durable final goods nondurable final goods consumption services structures government change in inventories trade balance investment intermediate goods

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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