Discuss the components of GDP using the expenditure approach.
What will be an ideal response?
GDP equals consumption spending plus investment spending plus government spending plus net exports; GDP = C + I + G + (X ? M).
Economics
You might also like to view...
Refer to Table 4.2. With which scenario will you be worst off by investing in Japanese bonds instead of U.S. bonds?
A) A B) B C) C D) D
Economics
Technological change in modern societies is most likely the result of increases in
a. machine building. b. more natural resource use. c. education. d. the labor force.
Economics