Question

Production-based accounting is used to estimate gdp by​ ____________.

a. summing each​ firm's value added to the production process.
b. adding up the incomes received by all the resources that contributed to production.
c. computing for each firm the difference between sales revenue and the purchase of intermediate​ products, then summing this difference across all firms.
d. all of the above.
e. a and c only.

Answer 1

B.
adding up the incomes received by all the resources that contributed to production.

Or

D.
all of the above.