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It matters by the approach you take.
In the expenditure approach (C+I+G+NX)
C or consumption is the largest part
In the income approach, it is income given to labor
In the value added approach, it is the difference between input price and output.
note:all final GDP calculations arrive at the same value.
What else can I help you with?
How is economic activity most commonly measured?
Economic activity is commonly measured as gross domestic product.
What does GDP stands for?
It stands for Gross Domestic Product
What is Iraq's gross domestic product?
Iraq's gross domestic product is 84 billion.
What is The single most important measure of the economy's overall economic performance?
Gross Domestic Product (GDP)
What is the term term for the total value of all goods and services produced in a particular economy?
Gross Domestic Product... (:
Which act is an important component of the gross domestic product?
Gross Domestic Product or GDP is a term to describe the economic situation in a country, for the most part. As such one significant component is wealth that an important industry creates by selling its products overseas and making a profit doing so. Wages within the home country benefit the citizens and the economy overall.
How is economic activity most commonly measured?
Economic activity is commonly measured as gross domestic product.
What is the name of the flow that measures the general level of economic activity in a countries economy?
Gross domestic product or GDP.
What are the physical properties of iron sulphide?
Heat is needed. Component composition is important. component colour and product colour is not similar. The process is almost impossible to reverse. The change is chemical. The properties of the component and the product is not similar.
What is the overhead component of product cost?
an estimated amount based on labor hours, machine hours, or some other activity.
Definition of per net state domestic product in India?
Net state Domestic Product = Gross Domestic Product(GDP) - Depreciation
What does GDP stands for?
It stands for Gross Domestic Product
What is the acronym for Gross Domestic Product?
The acronym for Gross Domestic Product is GDP.
What is Iraq's gross domestic product?
Iraq's gross domestic product is 84 billion.
What is the component of a product?
The final, or third, level of the product is the augmented component. The augmented component includes additional services and benefits that surround the first two levels of the product.
What is The single most important measure of the economy's overall economic performance?
Gross Domestic Product (GDP)
What is the term term for the total value of all goods and services produced in a particular economy?
Gross Domestic Product... (:
