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There are two methods to compute nationalincome: (1) add up total domesticoutput; and(2) add up total generated by producing that output. The first measure is
There are two methods to compute nationalincome: (1) add up total
domesticoutput; and(2) add up total
generated by producing that output. The first measure is called GDP from the
a. expenditure
b. output
c. left
side; the second measure is called the GDP from the
a. income
b. right
c. input
side. The value calculated by the first method is
a. greater than
b. equal to
c. less than
the value calculated by the secondmethod, other than errors of measurement.
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