The expenditure approach to measuring GDP is done by using data on only
A)consumption expenditure.
B)consumption expenditure and investment.
C)consumption expenditure,investment,government expenditure on goods and services,and net exports of goods and services.
D)consumption expenditure,investment,and government expenditures.
E)wages,rent,interest,and profit.

Question

Quizplus · Accepted Answer

The expenditure approach to measuring GDP includes consumption expenditure, investment, government expenditure on goods and services, and net exports of goods and services. This is because GDP represents the total amount of spending in an economy, including spending by households, businesses, government, and foreign buyers. Therefore, data on all of these categories is necessary to accurately measure GDP.

The Expenditure Approach to Measuring GDP Is Done by Using