Which statement is true about the approaches used to measure the value of a nation's gross domestic product (GDP) ?
A
The expenditure approach to calculating GDP sums the components of the supply side of the economy.
B
The income approach to calculating GDP sums the income earned by the factors of production excluding profits.
C
The value-added approach to calculating GDP sums the final monetary value of output at each stage of production.
D
The expenditure approach to calculating GDP sums the market value of all final goods and services produced by foreigners in a given period of time.
E
The expenditure approach to calculating GDP sums consumption spending, investment spending, government spending, and net exports.
