Macroeconomics

Methodist College Kuala Lumpur

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Calculate GDP in Output, Expenditure & Income Approach

Calculate GDP in Output, Expenditure & Income Approach
Study guide • 3 pages • 2019

This document aims to clarify the students of 3 ways of calculating GDP which are the Output Approach, Expenditure Approach and Income Approach. Students tend to confuse the components of each of these approach and this note will come in handy when tackling the questions involving the GDP calculation.

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Macroeconomics

Methodist College Kuala Lumpur

Calculate GDP in Output, Expenditure & Income Approach

And that's how you make extra money