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26 November, 20:52

Adding up all of the income in an economy in a given year is one approach to calculating which of the following?

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  1. 27 November, 00:48
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    The answer is Gross Domestic Product or GDP. It an essential indicator for the health of the economy, it focuses on the value o f good and services created for a certain period of time. There are two ways to measure the GDP first is the income approach can get by adding all the income accumulated in a year, the second ins expenditure approach can get by adding all the expenses.
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