Income and expenditure views of GDP
4:49
Khan AcademySal Khan
Income and expenditure views of GDP
In this video we explore an alternative method of calculating GDP: the income approach. The intuition behind the income approach is pretty straightforward because every time you spend money, that spending is someone else's income. Learn more about the income approach and its categories: wages, interest, rent, and profit.
Feb 14, 2012
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