The expenditure approach to measuring U.S GDP equals <u>all expenditure on final goods and services produced in the united states in a given time period</u>
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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<span>If Larry sues the original hotel for damages and wins, that hotel will be obliged to cover for any extra costs Larry had because they did not provide him a room he booked plus any costs incurred during the court proceeding.</span>
Answer:
proof read .................
A group of 10 golfing buddies have the following annual incomes: $32,000, $12,000, $56,000, $120,000, $10,000, $38,000, $70,000,
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The lowest quintile received $22,000.
Data and Calculations:
The number of golfing buddies = 10
A. = $10,000
B. = $12,000
C. = $16,000
D. = $20,000
E. = $24,000
F. = $32,000
G. = $38,000
H. = $56,000
I. = $70,000
J. = $120,000
Total - $398,000
The lowest, first, or bottom quintile is between 0 to 20%.
Thus, the lowest quintile received $22,000 ($10,000 + $12,000) from the income distribution.
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I think you would have to do math to find the answer\