Which approach to measuring GDP is being used when Statistics Canada sums spending on goods and services for consumer goods, government, business investments and net exports?

Question

Quizplus · Accepted Answer

The expenditure approach is being used when adding up spending on goods and services for consumer goods, government, business investments, and net exports. This approach calculates GDP as the sum of all final goods and services purchased in an economy during a specific time period.

Which Approach to Measuring GDP Is Being Used When Statistics