GDP Determination

The purpose of this assessment is to compare the pros and cons of two approaches of GDP computation and analyze which one is more reliable for GDP computation.

Assessment Description:

Compare and contrast the two approaches of GDP computation mentioned in the textbook. Explain which approach you think is more reliable and gives more accurate estimates of GDP. Provide two examples-one of the U.S. and a second of another nation-to support your viewpoint.

To compare and contrast the two approaches of GDP computation, focus on the following questions:

? What are the components of each approach?
? What are the major economic activities that each approach covers?
? What are the computation methods of each approach?
? What are the assumptions each approach make?

Submission Requirements:

Submit your response in a Microsoft Word document with the following specifications:

? Font: Arial; Point 12
? Spacing: Double
? Page length: 2 pages, excluding the APA title and Reference pages
? Include an APA title page. Refer to the sample APA paper.
? Cite the source in APA format in-text and on the Reference page.