Calculating GDP using the Income Approach
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How do we calculate GDP using the INCOME approach?
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The expert examines calculating the GDP using the Income Approach.
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How do we calculate GDP using the INCOME approach?
As per wikipedia "The gross domestic product (GDP) is one of the measures of national income and input for a given country's economy. GDP is defined as the total cost of all finished goods and services produced within the country in a stipulated period of time (usually a 365-day year). It is sometimes regarded as the sum of profits added at every level of production (the intermediate stages) of all final goods and ...
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