How does the expenditure approach calculate GDP?

a. It adds up all the incomes in the economy.

b. It adds up the value of four groups of final goods and services.

c. It adds up the value of business goods and services.

d. It adds up the value of consumer goods and services

Question

Business

Anya Hogan

6 November, 05:41

How does the expenditure approach calculate GDP?

a. It adds up all the incomes in the economy.

b. It adds up the value of four groups of final goods and services.

c. It adds up the value of business goods and services.

d. It adds up the value of consumer goods and services

+2

Answers (1)

Know the Answer?

Jeramiah Pham · Answer 1

How does the expenditure approach calculate GDP?

b. It adds up the value of four groups of final goods and services.

The 4 groups are:

1) Consumption

2) Government spending

3) Investments

4) Net Exports

How does the expenditure approach calculate GDP?a. It adds up all the incomes in the economy.b. It adds up the value of four groups of final goods and services.c. It adds up the value of business goods and services.d. It adds up the value of consumer goods and services

How does the expenditure approach calculate GDP?

a. It adds up all the incomes in the economy.

b. It adds up the value of four groups of final goods and services.

c. It adds up the value of business goods and services.

d. It adds up the value of consumer goods and services