In calculating GDP by the expenditure approach, we sum up:
A)consumption, investment, government purchases, exports, and imports.
B)investment, government purchases, consumption, and net exports.
C)consumption, investment, wages, and rents.
D)consumption, investment, government purchases, and imports.

Question

Quizplus · Accepted Answer

The expenditure approach to calculating GDP includes consumption, investment, government purchases, and net exports (exports minus imports).

In Calculating GDP by the Expenditure Approach, We Sum Up