The expenditure approach is calculated as
A) C + I + G.
B) C + I + X.
C) C + I + G + NX.
D) C + I + NX.
E) the value approach.

Question

Quizplus · Accepted Answer

The expenditure approach is calculated as C (consumer spending) + I (investments) + G (government spending) + NX (net exports). This means that all components of spending in the economy are included, including exports and imports. Therefore, the correct choice is C, which includes all of these factors. A, B, D, and E are either incomplete or incorrect approaches to calculating GDP.

The Expenditure Approach Is Calculated as