What are the components of gross domestic product (GDP) using the expenditure or income approach?GDP:GDP is defined as the total financial value of all the finished services and commodities produced in a given country within a particular period. Besides, GDP is ca...
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...
GDP is the Gross Domestic Product given by the formula C+I+G+(X−M) Here C is the consumption expenditure I indicates Investments G is...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer yo...
Using the equation of exchange, if inflation is 1% the velocity of money grows by 2% and the growth rate of money is 3% what is real growth? Equation of Exchange: The equation of exchange shows the relationship between 'money and price...
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...