The formula C + I + G + EX - IM is the ________ to calculating GDP.
A) income approach
B) value-added approach
C) expenditure approach
D) only accurate approach

Question

Quizplus · Accepted Answer

The formula C + I + G + EX - IM is the expenditure approach to calculating GDP. This approach adds up all the spending on final goods and services in an economy, including consumer spending (C), investment spending (I), government spending (G), exports (EX), and subtracting imports (IM).

The Formula C + I + G + EX -