Calculating GDP Using the Income Approach

11. Gross Domestic Product (GDP) and Consumer Price Index (CPI) / Calculating GDP Using the Income Approach / Problem 4

Problem 4

In 2009, the United States GDP was calculated using both the income and expenditures approaches. If the expenditures approach yielded a GDP of \$14,256 billion, what should the income approach yield, assuming all calculations are correct?

\$14,500 billion

\$14,000 billion

\$14,256 billion

\$13,800 billion