Question

If a certain newspaper reports that "the construction sector was responsible for 1.8% of the GDP growth (for a specific period),this implies that the GDP has been measured according to...method.

a. expenditure
b. production
c. income
d. nominal prices

Answer 1

In this case, the newspaper reports that the construction sector was responsible for 1.8% of the GDP . The GDP growth is measured according to the expenditure method.

Step-by-step explanation:

The GDP growth is measured according to method a. expenditure. GDP, or Gross Domestic Product, is a measure of a country's output of goods and services.

The expenditure approach calculates GDP based on the sum of all spending on goods and services in the economy, including consumption, investment, government spending, and net exports.

In this case, the newspaper reports that the construction sector was responsible for 1.8% of the GDP growth, indicating that the increase in GDP can be attributed to the expenditures made in the construction industry during the specific period