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

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 6SQ

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