Calculate GDP using the expenditure or income method and enter this value (in billions of dollars) into the top row of the table below. The following table gives the GDP data for a hypothetical country: In the
The statement, "Gross domestic product (GDP) may be calculated using the income or the expenditure approach," is True. By definition, GDP...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our exper...
By considering the equivalised household food expenditure obtained from the 2021 Italian Household Budget Survey data, the fuzzy set approach is used to measure food poverty paying particular attention to vulnerable households at a detailed territorial level. The results show that food poverty is lowe...
GDP, home prices, construction activity, manufacturing activity, retail sales, and others; wherein the said income risk is transformed into an income risk score; wherein the income risk score is used to predict consumer's response behavior, purchasing propensity, and ability to pay; wherein the...
Why must saving equal planned investment at equilibrium GDP in the private closed economy? Are unplanned changes in inventories rising, falling, or constant at equilibrium GDP? Explain why the imports are to be subtracted from GDP in the ...
sustainability Article Measuring the Performance of Industrial Green Development Using a Non-Radial Directional Distance Function Approach: A Case Study of Jiangxi Province in China Wei Wang 1 ID , Hualin Xie 1,* ID , Fucai Lu 1 and Xinmin Zhang 2 1 Institute of Ecological Civilization, Jiangxi...
the income approach combines factor income generated by production in the country, i.e., remuneration of employees, capital income, business profit, taxes on production, and imports minus subsidies. Third, the expenditure approach computes household, business, and government purchases of goods and ser...