Question: Examine your completed NIPA Template. Confirm that GDP using the Expenditure Approach equals GDP using the Income Approach. Explain why the two approaches yield the

  1. Examine your completed NIPA Template. Confirm that GDP using the Expenditure Approach equals GDP using the Income Approach. Explain why the two approaches yield the same value for GDP.
  2. Copy the template below into your Word document. Fill in the middle column with the GDP shares from your NIPA Template. Comment on the changes in the shares of GDP accounted for by each component of GDP (C, I, G, X, and M) across these three dates. Any trends? Any large changes? Be specific.
Examine your completed NIPA Template. Confirm that GDP using the Expenditure Approach

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