The income approach represents a kind of middle ground ... However, their ranking differs depending on how you measure GDP. Using nominal GDP, the United States comes in first with a GDP of ...

The income approach represents a kind of middle ground ... of the economy or of a particular business sector. Like any measure, GDP has its imperfections. In recent decades, governments have ...

There are two main ways to measure GDP: by measuring spending ... payments those citizens made to foreigners In this income ...