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Which two sentences describe the correct way of calculating GDP of a country? , thx-



Ava is an assistant to a bureaucrat. She is preparing a report on the GDP of the country. She finds that the GDP is low this year and concludes that the country’s output of goods and services is very high. She uses the income-based approach to calculate the GDP. According to the approach, she considers the expenses incurred annually as the GDP. She classifies the earnings of partnership firms as mixed income. She categorizes employee wages as operating surplus.

Which two sentences describe the correct way of calculating GDP of a country thxAva is an assistant to a bureaucrat She is preparing a report on the GDP of the class=

Respuesta :

ogorwyne

The two sentences that correctly shows the way of calculating GDP are:

  • She uses the income-based approach to calculate the GDP.
  • According to the approach, she considers the expenses incurred annually as the GDP.

What is GDP?

This is a term that is used to refer to the gross domestic product of a country. The GDP is used to show how the economy is doing.

There are two ways of calculating the GDP of a country.

  1. The income approach
  2. The expenditure approach.

Read more on GDP here:

https://brainly.com/question/1383956

Answer:

1. She uses the income-based approach to calculate the GDP.

2. According to the approach, she considers the expenses incurred annually as the GDP.

Explanation:

These are the ones said to calculate GDP correctly.


I hope it helps!

Muffin<3

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