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Answer to Question #243195 in Macroeconomics for Ishra

Question #243195
What are the three approaches to measuring economic activity? Why do they the same result?
1
Expert's answer
2021-09-28T17:44:55-0400

The product approach.

Income approach.

Expenditure approach.


Because they're constructed that way, they all yield the same result; each entry based on one approach has a matching entry in the other approaches with the same value.


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