Asked by Jennifer Robert on May 01, 2024
Verified
C and I are used to calculate GDP by the _____ approach.
Expenditures Approach
A method of computing a country's gross domestic product (GDP) by adding up total consumption, investment, government spending, and net exports.
GDP
Gross Domestic Product, a measure of the economic output of a country within a specified period of time.
- Acquire familiarity with the process of GDP calculation using the expenditures approach, including its various components.
Verified Answer
ZK
Learning Objectives
- Acquire familiarity with the process of GDP calculation using the expenditures approach, including its various components.