Who compiles data for the national accounting in ushow gdp, Ask an Expert

Economics

Who compiles data for the national accounting in US?

How GDP is measured through income approach?

How GDP is measured through expenditure approach?

What are the differences between income and expenditure approaches in measuring GDP?

Income approach includes:

-National Income includes

- Compensation of employees

- Rents

- Interest

- Proprietor's income

- Corporate profits

-Taxes on production and imports

What should be considered during measuring GDP?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91342751

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