What are the three approaches to measuring gdp, Macroeconomics

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What are the three approaches to measuring gdp

Problem

1. What are the three approaches to measuring GDP?

2. Explain the concept of value added.

3. Why is the income-expenditure identity important?

4. What is the difference between GDP and GNP?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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