What are the two ways of looking at gdp? rev: 04_09_2018 multiple choice
a. output approach and consumption approach
b. income approach and saving approach
c. output approach and expenditures approach
d. expenditures approach and income approach

The correct answer is option C and D.

Explanation:

There are two approaches to calculate GDP.  

The income approach calculates GDP by looking at the factor incomes earned by the factors of production.

The expenditure approach looks at consumption expenditure, investment expenditure, government expenditure, and net exports to calculate GDP.

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"