What is the Expenditure System to calculate GDP?

#GDP

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What is the Expenditure System to calculate GDP?

pravesh.sharma 20th Jan, 2023

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pravesh.sharma 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)

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