Question

The _____ adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP).

Answer 1

Answer: its actually product approach.

Explanation:The product approach adds up the final goods and services, using their market prices.

Answer 2

The Expenditure Approach adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP)

The Expenditure Approach includes consumption expenditures, investments expenditures, government expenditures and net exports.

The Expenditure Approach is one of the 3 ways to measure economic production. The other 2 are The Production Approach and The Income Approach.