Gross Domestic Product can be measured as the sum of

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Gross Domestic Product (GDP) can be measured as the sum of consumption (which includes both durable and non-durable goods and services), investment (including business investment, residential investment, and changes in inventories), government purchases (including spending on goods and services at the federal, state, and local levels), and net exports (which is the difference between exports and imports of goods and services). This is commonly known as the expenditure approach to measuring GDP.

Gross Domestic Product Can Be Measured as the Sum of