GDP may be calculated as the sum of:
A) consumer spending, investment spending, government purchases of goods and services, and exports minus imports.
B) consumer spending, investment spending, government transfer payments, and exports minus imports.
C) consumer spending, investment spending, government purchases of goods and services, and exports.
D) exports and imports only.

Question

Quizplus · Accepted Answer

GDP (Gross Domestic Product) is calculated as the sum of consumer spending, investment spending, government purchases of goods and services, and net exports (exports minus imports). This approach is known as the expenditure approach to calculating GDP.

GDP May Be Calculated as the Sum Of