GDP is measured using which approaches?

A Only income

B Expenditure, income, and production (value-added) approaches

C Only expenditure

D Only production

✓ Correct Answer: Option B

GDP can be measured three ways that should yield the same result: expenditure (C+I+G+NX), income, and production.

💡 Why is B) the correct answer?

The correct answer to the question "GDP is measured using which approaches?" is Option B: Expenditure, income, and production (value-added) approaches.

The other options — A) Only income, C) Only expenditure, D) Only production — are incorrect for this CFA Exam Prep question. As explained above: GDP can be measured three ways that should yield the same result: expenditure (C+I+G+NX), income, and production.

📚 About This CFA Exam Prep Practice Question

This 2-level CFA Exam Prep question from the Economics topic is part of BrainForge Quiz's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free CFA Exam Prep practice test or use flashcards for spaced repetition review.

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GDP is measured using which approaches?

✓ Correct Answer: Option B

📚 About This CFA Exam Prep Practice Question

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