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Exercise 2: i. Why is the Value-Added Method used as an alternative method to calculate GDP? ii. What...

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Economics

Exercise 2:

i. Why is the Value-Added Method used as an alternativemethod to calculate GDP?

ii. What is the difference in computing the value ofpublic service and private good?


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3.8 Ratings (720 Votes)
I GDP means the gross domestic product produced in a country in a financial yearWe can say it is monetary measurement of all the goods produced in a country Value added method used to calculate how much value is added in a goods or services in    See Answer
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