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20 August, 10:41

The structural approach is used to calculate gross domestic product.

a. True

b. False

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  1. 20 August, 12:16
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    Answer - B. False

    There are basically two approaches that are used to calculate gross domestic product (GDP). They are the expenditure approach and the resource cost / income approach; neither of these is synonymous with structural approach. GDP is one of the two commonly used measures of national income and output in economics, the other measure being gross national product (GNP).
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