To measure GDP using the expenditure approach you must collect data on

Question

Quizplus · Accepted Answer

The expenditure approach of measuring GDP focuses on the total value of expenditures made on final goods and services in an economy. This includes exports, consumption, investment, and government spending. Therefore, data on exports is necessary to calculate GDP using the expenditure approach. Data on saving, inflation, and wages are not relevant to this approach.

To Measure GDP Using the Expenditure Approach You Must Collect