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nataly862011 [7]
3 years ago
8

The _____ adds up the spending by different parts of the economy, such as consumption, investment, government spending, and net

exports. a) income approach b) product approach c) expenditure approach.
Social Studies
1 answer:
mars1129 [50]3 years ago
7 0

Answer:

The answer is c) expenditure approach.

Explanation:

This approach assumes that the final amount of products and services equals the amount spent on them. It is the most common way to measure a country's GDP, and as the passage explains, takes different factors into account (e.g. consumer and government spending). These factors are then added up, and the result indicates the general expenses in a period of timme.

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Ultimately, the political power in the US lies in the hands of citizens.

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