The main difference between the expenditure approach and the income approach is their starting point. The expenditure approach begins with the money spent on goods and services. Conversely, the income approach starts with the income earned from the production of goods and services (wages, rents, interest, profits).
Examples of expenditures that fall under this heading includes: spending on purchase of durable goods (such as cars, computers, etc.), non-durable goods (such as bread, milk, etc.) and on purchase of services (such health, entertainment, haircuts, etc.)
There are four main aggregate expenditures that go into calculating GDP: consumption by households, investment by businesses, government spending on goods and services, and net exports, which are equal to exports minus imports of goods and services.
The main difference between the expenditure approach and the income approach is their starting point. The expenditure approach begins with the money spent on goods and services. Conversely, the income approach starts with the income earned from the production of goods and services (wages, rents, interest, profits
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Alezzy
nag tatanong po ko ng halimbawa hindi pag kakaiba nila
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Answer:
The main difference between the expenditure approach and the income approach is their starting point. The expenditure approach begins with the money spent on goods and services. Conversely, the income approach starts with the income earned from the production of goods and services (wages, rents, interest, profits).
Examples of expenditures that fall under this heading includes: spending on purchase of durable goods (such as cars, computers, etc.), non-durable goods (such as bread, milk, etc.) and on purchase of services (such health, entertainment, haircuts, etc.)
There are four main aggregate expenditures that go into calculating GDP: consumption by households, investment by businesses, government spending on goods and services, and net exports, which are equal to exports minus imports of goods and services.
The main difference between the expenditure approach and the income approach is their starting point. The expenditure approach begins with the money spent on goods and services. Conversely, the income approach starts with the income earned from the production of goods and services (wages, rents, interest, profits