menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Australia Study Set 1
  4. Exam
    Exam 5: GDP: a Measure of Total Production and Income
  5. Question
    If the Income and Expenditure Approaches Do NOT Add to Exactly
Solved

If the Income and Expenditure Approaches Do NOT Add to Exactly

Question 23

Question 23

Multiple Choice

If the income and expenditure approaches do NOT add to exactly the same estimate of GDP, the difference is called


A) a statistical discrepancy.
B) direct taxes.
C) a subsidy.
D) depreciation.
E) All of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q18: The relationship between real GDP and potential

Q19: Gross domestic product is defined as the

Q20: The calculation of GDP excludes the value

Q21: According to the income approach to measuring

Q22: When measuring GDP,<br>A) only the federal government's

Q24: In Australia, between 1959/60 and 2017/18, there

Q25: Everything else the same, if government expenditure

Q26: Nominal GDP measures the value of goods

Q27: In comparing the magnitudes of the components

Q28: In measuring GDP, which of the following

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines