Question : In the given expression of GDP according to the expenditure method, which of the following represents the aggregate import expenditure incurred by the economy?
C + I + G + X – M
Option 1: C
Option 2: M
Option 3: I
Option 4: X
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
Correct Answer: M
Solution : The correct option is M.
In the given expression of GDP according to the expenditure method: C + I + G + (X − M). X represents exports (income from exports), and M represents imports expenditure. Therefore, (X − M) represents net exports or the trade balance. This term accounts for the difference between exports and imports, capturing the impact of international trade on the economy.
Related Questions
Know More about
Staff Selection Commission Combined High ...
Application | Eligibility | Admit Card | Answer Key | Preparation Tips | Result | Cutoff
Get Updates BrochureYour Staff Selection Commission Combined Higher Secondary Level Exam brochure has been successfully mailed to your registered email id “”.