The table that follows shows components of aggregate expenditures.What is GDP according to the expenditure approach? What are the amounts of the major categories of spending?
National Income and Product Accounts Categories Thousands
Residential housing
$15
Consumption expenditures on durable goods
30
Exports
20
Government purchases
10
Consumption expenditures on nondurable goods
50
Changes in inventory
5
Imports
15
Domestic investment (excluding inventory changes and residential housing)
10

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The Answer of The table that follows shows components of aggregate expenditures.What is GDP according to the expenditure approach? What are the amounts of the major categories of spending?
National Income and Product Accounts Categories Thousands
Residential housing
$15
Consumption expenditures on durable goods
30
Exports
20
Government purchases
10
Consumption expenditures on nondurable goods
50
Changes in inventory
5
Imports
15
Domestic investment (excluding inventory changes and residential housing)
10

The Table That Follows Shows Components of Aggregate Expenditures