Which one of the following equations is correct?

Question

Quizplus · Accepted Answer

GDP (Gross Domestic Product) is calculated by adding up all the spending on final goods and services produced within a country's borders. The four main components of GDP include Consumption (C), Investment (I), Government spending (G), and Net Exports (exports minus imports, also represented as X - IM). Therefore, the correct formula for GDP is GDP = C + I + G + X - IM. Option B correctly represents all four components of GDP.

Which One of the Following Equations Is Correct