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Public factors - PowerPoint PPT Presentation

Q: How do we measure GDP in Reality? A: There are three equivalent approaches

Q: How do we measure GDP in Reality? A: There are three equivalent approaches. Value-Added Approach adds up production across producers Income account adds up claims against value added across types of claimant

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Public factors - PowerPoint PPT Presentation

Q: How do we measure GDP in Reality? A: There are three equivalent approaches