【简答题】Below are some data from the land of milk and pork milk pork Year Quantity Price Quantity Price 2017 1000 ¥1 500 ¥2 2018 2000 ¥1 1000 ¥2 2019 2000 ¥2 1000 ¥4 a. Calculating nominal GDP; Calculating r...
adds together the market values of final goods and services produced by domestic and foreign-owned factors of production within the nation in some time period.
B.
includes the market value of goods and services produced by households for their own consumption but excludes the value of the underground economy.
C.
is superior to the income approach because, unlike the income approach, it gives us the real value of output.
D.
adds together the market values of final goods, intermediate goods, and goods added to inventories.