1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
avanturin [10]
3 years ago
6

In three or four sentences, explain how to calculate Gross Domestic Product using the expenditure approach.

Social Studies
2 answers:
Oliga [24]3 years ago
6 0
<span>GDP stands for gross domestic product and is a measurement of all the goods and services a nation produces in a year. GDP is often used in economics to compare the economic output of countries. Economists calculate GDP using two main methods: the expenditure approach, which measures total spending and the income approach, which measures total income. The CIA World Factbook website provides all the data necessary to calculate GDP of every nation in the world. is that what u mean??</span>
Gala2k [10]3 years ago
4 0

The Gross Domestic Product is a measurement of the economic activity of the countries in a certain period of time.

GDP can be calculated by aggregate value, by income or by the perspective of expenditure, which is the most traditional. GDP will be the sum of Consumption + Investments + Government Expenses + Net Exports, as the formula below:

 GDP = C + I + G + (X-M)

You might be interested in
Plz, help me with the question below.
motikmotik
The Boston tea party
6 0
3 years ago
What are the factors that led to US participation in the Persian Gulf conflict in the invasion of Afghanistan and Iraq
Degger [83]
Some factors were the U.S invaded Afghanistan because of 9/11. The U.S invades Iran because of the war on terrorism. It was thought that Iran had weapons of mass destruction.  And helping to free the Iraqi people to help them form a democratic country. Hope this helps! ;) <span />
8 0
3 years ago
The end of the Han Dynasty was the result of a series of revolts by which group?
PilotLPTM [1.2K]
The end of the Han Dynasty was the result of a series of revolts by palace eunuchs who had begun to grow in power.
7 0
4 years ago
Why is school regarded as a secondary means of socialization?​
ELEN [110]
School is regarded as a secondary socialization because it refers to the undergo from groups, peers and community outside of the family unit. It’s a learning behavior and values process.
3 0
3 years ago
Magnets attract every type of metal. Question 1 options: True False
ZanzabumX [31]

Answer:

False

Explanation:

Magnets are only attracted to special metals. Iron, cobalt and nickel are magnetic. ... Metals like brass, copper, zinc and aluminum are not attracted to magnets. Non-magnetic materials such as wood and glass are not attracted to magnets as they do not have magnetic materials in them.

7 0
4 years ago
Read 2 more answers
Other questions:
  • In the market, actions known as incentives affect
    8·2 answers
  • Will apple producers benefit from the price​ floor? A. Apple producers who are able to sell their apples at the ​$12 price per c
    8·1 answer
  • Please help me with my discussion topic and please explain too.
    10·1 answer
  • What was the independent variable <br><br><br><br><br> Help me please
    7·1 answer
  • In Erik Erikson’s developmental stages of life, with which challenge must older people struggle?
    8·1 answer
  • Sản xuất hàng hóa dựa trên
    5·1 answer
  • Earthquakes and erosion can combine to cause deadly
    13·2 answers
  • During the antebellum period, which of the following had the greatest impact on the growth and importance of the Port of Orleans
    11·1 answer
  • If you had to guess, which country do you think the US buys more stuff from:
    6·1 answer
  • What do political appointees and civil service workers have in common
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!