What Are The Three Approaches To Measuring Economic Activity Why Do They Give The Same Answer? [Solved]

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What Are The Three Approaches To Measuring Economic Activity Why Do They Give The Same Answer? [Solved]

Why do they give the same answer? 3 Approaches to national income accounting are the product approach, income approach, and expenditure approach. They all give the same answer because they re designed that way; any entry based on one approach has an entry in the other approaches with the same value.

Measurement of National Income| Income method| Expenditure Method| Production Method| Measure GDP

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IB Economics Exam Review - Session 2: How is economic activity measured?

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