Question content area

Part $1$

Which is NOT a correct statement about the national income$$ accounts?

Part $2$

A$.$

The product approach to measuring economic activity is calculated as the sum of the value added by producers.

B$.$

The income approach to measuring economic activity provides a figure that is equal to the sum of revenues by the producers of$$ output, which in turn is equivalent to that of the product approach.

C$.$

There are three approaches to measuring current economic$$ activity: the product$$ approach, the income$$ approach, and the expenditure approach. In$$ principle, the three approaches give the same answer.

D$.$

The alternative approaches to measuring economic activity are useful because each approach gives a different perspective on the economy.