The expenditure approach to calculating GDP includes
A) consumption.
B) intermediate goods.
C) wage income.
D) net factor payments.
E) taxes.

Question

Quizplus · Accepted Answer

The expenditure approach to calculating GDP includes consumption, investment, government spending, and net exports. Intermediate goods and wage income are not included, as GDP measures final goods and services. Net factor payments and taxes are not part of the expenditure approach.

The Expenditure Approach to Calculating GDP Includes