Question

Method of GDP calculation by calculating the sum of all factor income is called

• A. Expenditure method
• B. Income method
• C. Product method

Answer 1

The correct option is B Income method

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> The income approach to measuring the gross domestic product (GDP) is based on the accounting reality that all expenditures in an economy should be equal to the total income generated by the production of all economic goods and services.