Question

The expenditure approach to measuring u. s. gdp equals ______. a. all expenditure on final goods and services produced in the united states in a given time period

Answer 1

The expenditure approach to measuring U.S GDP equals  all expenditure on final goods and services produced in the united states in a given time period

The Expenditure Approach is a way to estimate GDP that accounts for all economic expenditures, including net exports, government spending, investment, and consumer spending. To put it another way, this approach calculates how much our nation produces based on the premise that the total amount spent in a nation over a certain time period was equivalent to the value of the nation's finished goods and services.

As per expenditure approach the method used to measure and compute nominal GDP is the most popular. The expenditure method formula is computed by adding Net Exports, Government Spending, Investment, and Consumer Spending.

GDP = C + I + G + NX

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