which-of-the-following-is-a-similarity-between-the-income-approach-and-the-expen

Question

Which of the following is a similarity between the income approach and the expenditures approach to GDP calculation?

Accepted Answer

Both approaches aim to measure the total economic activity within a country.

Answer

Both approaches focus solely on domestic production.

Answer

Both approaches use the same components to calculate GDP.

Answer

Both approaches exclude government spending from their calculations.