The expenditure approach to measuring GDP involves adding up the purchases of final goods and services by market participants.

Question

Quizplus · Accepted Answer

This is the correct definition of the expenditure approach to measuring GDP. It looks at the total amount of money spent by consumers, businesses, government, and international buyers on final goods and services produced within a country during a specific time period.

The Expenditure Approach to Measuring GDP Involves Adding Up the Purchases