Question

The expenditure approach to measuring GDP sums Group of answer choices consumption, investment, government purchases, and net exports. sales, revenues, income, and wages. profits, compensation of employees, consumption, and investment. net exports, consumption, wages, and salaries.

Answer 1

The expenditure technique for measuring GDP sums: intake, funding, authorities purchases, and internet exports.

Gross domestic product (GDP) is the overall monetary or marketplace fee of all of the finished items and services produced within a country's borders in a specific time period. As a large measure of standard domestic production, its capabilities as a comprehensive scorecard of a given us of a's monetary health.

One of the maximum common is GDP, which stands for the gross home product. it is regularly noted in newspapers, in television information, and in reports by governments, valuable banks, and the commercial enterprise community. It has emerged as widely used as a reference point for the health of national and international economies.

GDP is measured by way of taking the portions of all items and offerings produced, multiplying them through their fees, and summing the whole. GDP can be measured both with the aid of the sum of what's purchased within the financial system or by what is produced. demand may be divided into the intake, investment, authorities, exports, and imports.

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