How to Calculate GDP Using the Income Approach
Unlike the expenditure method, the income approach to measuring GDP is based on the total income a country earns.
How to Calculate GDP Using the Income Approach
Unlike the expenditure method, the income approach to measuring GDP is based on the total income a country earns. It stipulates that national expenditure equals the total income from goods and services produced by an economy over a period (most commonly one year). The Income Approach Formula Every time...
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