How is GDP measured discussion

User Generated

zmzboo

Business Finance

Description

How is GDP a measure of both output and income? How is it possible that both measures of GDP - income and expenditure approach - can end up with the same number?


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Explanation & Answer

Gross domestic product is the goods and service produced in a given financial year. Most countries measure their Gross domestic products to analyze the growth and stability of their economies.Moreover GDP  analysis are used as regulatory  tools in the country since they indicate the most productive areas and poor performing areas in the country.


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