Explain how gross domestic product is calculated

Reference no: EM133591894

Journal Problem: Principles of Macroeconomics

Reflect on what you have learned in the first four units of this course and answer the following questions:

Question A. Explain how gross domestic product is calculated using the income approach and the expenditure approach.

Question B. Compare the classical economic theory that was used prior to the Great Depression to the Keynesian theory used after the Great Depression.

Reference no: EM133591894

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