Gross private domestic investment is a component of which approach to measuring GDP?

Question

Quizplus · Accepted Answer

Gross private domestic investment is a component of the expenditure approach to measuring GDP, which adds up all the spending on final goods and services in an economy. The other approaches are the incomes approach, which adds up all the income earned in an economy, and the output approach, which adds up the value of all goods and services produced in an economy. The linking approach is not a commonly used approach for measuring GDP.

Gross Private Domestic Investment Is a Component of Which Approach