that number in different ways. To illustrate this, think about the effects of th

Question

that number in different ways. To illustrate this, think about the effects of the transactions in the following story about GDP Most Foods Market's guarantee that he'll be happy with the catering, or he'll get his money back. . Most Foods Market pays JoAnn's Catering $750 to cater the party to GDP using the approach, you have to add the amount of money spent by buyers on final goods and services. Which of the following would be included in the expenditure method of calculating GDP? Check all that apply 1,100

Explanation / Answer

The correct option is a) because GDP can be calculated using Income Approach, expenditure approach, value added approach,.Income approach calculates total income of the income or the aggregate payments made to factor of production.

Only wages paid to waiters will be considered as factor payments.

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