One way to estimate GDP is:

Question

Quizplus · Accepted Answer

All of these options are valid ways to estimate GDP. Option A involves measuring the total expenditure of an economy, which includes consumption (C), investment (I), government spending (G), and net exports (NX). Option B involves adding up all the money people spend on final goods and services, which is essentially the same as the consumption component of option A. Option C involves adding up the market value of all final goods and services sold in the economy, which is equivalent to the GDP through the expenditure approach. Therefore, all of these options can be used to estimate GDP.

One Way to Estimate GDP Is