How does the expenditure approach calculate GDP?

AIt adds up all the incomes in the economy.
BIt adds up the value of four groups of final goods and services.
CIt adds up the value of business goods and services.
DIt adds up the value of consumer goods and services

How does the expenditure approach calculate GDP?

b. It adds up the value of four groups of final goods and services.

The 4 groups are:
1) Consumption
2) Government spending
3) Investments
4) Net Exports

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destinyfletcher destinyfletcher · Answer 2 · 2018-11-02T17:09:34-04:00

destinyfletcher destinyfletcher

02-11-2018

The correct answer is B. It adds up the value of our groups of finals goods and services

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How does the expenditure approach calculate GDP? AIt adds up all the incomes in the economy.BIt adds up the value of four groups of final goods and services.CIt adds up the value of business goods and services.DIt adds up the value of consumer goods and services

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Related Questions

How does the expenditure approach calculate GDP?

AIt adds up all the incomes in the economy.
BIt adds up the value of four groups of final goods and services.
CIt adds up the value of business goods and services.
DIt adds up the value of consumer goods and services