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The expenditure approach to GDP involves the calculation of GDP: a. by adding up all earnings from resources used to produce output in the nation
The expenditure approach to GDP involves the calculation of GDP:
a. by adding up all earnings from resources used to produce output in the nation during the year.
b. by adding up the values of both final goods and intermediate goods produced in an economy during a year.
c. by excluding the expenditure on net exports during a particular year.
d. by adding up spending on all final goods and services produced during a year.
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