By using the expenditures (aggregate expenditure) approach, GDP may be defined as:
A) GDP=C+I+(G-NX).
B) GDP=(C-I)+G+NX.
C) GDP=C+I+G+NX.
D) GDP=C+(I-G)+NX.

Question

Quizplus · Accepted Answer

GDP (Gross Domestic Product) can be calculated using the expenditures approach as the sum of consumption (C), investment (I), government spending (G), and net exports (NX), which is exports minus imports. This is accurately represented by the formula GDP = C + I + G + NX.

By Using the Expenditures (Aggregate Expenditure) Approach, GDP May Be