The expenditure approach to measuring GDP is done by using data on only
A)consumption expenditure and investment.
B)consumption expenditure,investment,government expenditure on goods and services,and net exports of goods and services.
C)consumption expenditure,investment and government expenditures.
D)consumption expenditure.
E)wages,rent,interest and profit.

Question

Quizplus · Accepted Answer

The expenditure approach to measuring GDP takes into account consumption expenditure, investment, government expenditure on goods and services, and net exports of goods and services. It is a comprehensive approach that accounts for all the major components of the economy that contribute to the production of goods and services in a country. Therefore, choice B is the best choice as it includes all the relevant components for calculating GDP using the expenditure approach.

The Expenditure Approach to Measuring GDP Is Done by Using