21. CHAPTER. Measuring GDP and Economic Growth. After studying this chapter you will be able to. Define GDP and use the circular flow model to explain why GDP equals aggregate expenditure and aggregate income Explain the two methods used by the Bureau of Economic Analysis to measure U.S. GDP
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Measuring GDP and Economic Growth
1. Compensation of employees
2. Net interest
3. Rental income
4. Corporate profits
5. Proprietors’ income