The expenditure approach to GDP accounting includes:

Question

Quizplus · Accepted Answer

The expenditure approach to GDP accounting includes spending on goods and services produced within a country's borders, including consumption by households (C), investment by businesses (I), government spending (G), and net exports (NX). Therefore, net exports are included in the expenditure approach to GDP accounting. Wages and salaries, net interest, corporate profits, and proprietors' income are all components of the income approach to GDP accounting.

The Expenditure Approach to GDP Accounting Includes