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Important
Essay specific features
Written by:
Robert C
Date added:
August 2, 2012
Level:
University
Grade:
A
No of pages / words:
3 / 788
Was viewed:
2988 times
Rating of current essay:
Essay content:
Expenditure approach
B. Income approach
A. Expenditure approach
Expenditure approach is sum of four factors or components-
1. Personal consumption expenditure(C)
2. Gross domestic private investment(I)
3. Government expenditure and investment(G)
4. Net exports(Export earnings-Import payments)which is denoted by X-M
In equation form, we may write
GDP = C + I + G + X - M
1...
displayed 300 characters
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Expenditure approach
B. Income approach
A. Expenditure approach
Expenditure approach is sum of four factors or components-
1. Personal consumption expenditure(C)
2. Gross domestic private investment(I)
3. Government expenditure and investment(G)
4. Net exports(Export earnings-Import payments)which is denoted by X-M
In equation form, we may write
GDP = C + I + G + X - M
1...
displayed 300 characters
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