If the income and expenditure approaches do NOT add to exactly the same estimate of GDP, the difference is called
A) a statistical discrepancy.
B) direct taxes.
C) a subsidy.
D) depreciation.
E) All of the above.

Question

Quizplus · Accepted Answer

The difference between the income and expenditure approaches to calculating GDP, when they do not match exactly, is referred to as a statistical discrepancy. This discrepancy arises due to the challenges in accurately measuring all components of GDP from different data sources.

If the Income and Expenditure Approaches Do NOT Add to Exactly