What is the Expenditure System to calculate GDP?
Answer (1)
20th Jan, 2023
It includes expenditures incurred on goods and services by individuals within the country.
GDP = C + I + G + NX
Where C = consumption expenditure of an individual
I = Firm’s investment
G= Government Expenditure
X= Exports
M= Imports
NX= net exports (X - M)
Comments (0)
Related Questions
What is GDP?
19 Views
Which is better, the GDP or the GNP?
16 Views
What happens when GDP increases?
22 Views
Explain Real GDP and Nominal GDP.
29 Views
