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Which method of calculating GDP focuses on goods and services produced within the country during a year?
  • a)
    Product Method
  • b)
    Income Method
  • c)
    Expenditure Method
  • d)
    Value Added Method
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which method of calculating GDP focuses on goods and services produced...
The Expenditure Method of calculating GDP focuses on the total expenditure on goods and services produced within the country during a specific period. It considers consumer expenditure, investments, government spending, exports, and imports to determine the overall economic activity.
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Which method of calculating GDP focuses on goods and services produced within the country during a year?a)Product Methodb)Income Methodc)Expenditure Methodd)Value Added MethodCorrect answer is option 'C'. Can you explain this answer?
Question Description
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