Solved

How Is the Expenditure Method of Measuring GDP Calculated

Question 4

Multiple Choice

How is the expenditure method of measuring GDP calculated?


A) by adding up I + G + X
B) by adding up the final goods and services purchased domestically during a given period
C) by adding up domestic production of final goods and services for consumers, firms, government, and the international sector (through net exports)
D) by adding up the total expenditure of all firms incurred in the production of goods and services

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions