Calculating GDP using the expenditure approach?
Let’s learn calculating GDP using the expenditure approach. The most accurate or helpful solution is served by econport.org.
There are ten answers to this question.
Best solution
In this approach GDP is calculated as the sum of four categories of expenditures on output. These are: Gross Private Consumption Expenditures(C)
econport.org
Other solutions
Ok so from what I've learned when calculating gdp using either the income approach or the expenditure approach they should both give you the same answer. So what am I doing wrong ...show more
Answer:
expenditure approach: The expenditure approach adds up the value of the goods that are produced for...
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I have been working on this problem for a few hours and cannot find a solution. My professor gave us a list and asked us to find the GDP using the INC/EXP approach. He said both sides will be equal. He isnt even going to put it on the test! I just need...
Answer:
Are you in mcneils class by any chance??! I haven't been able to figure it out at all. Haven't finished...
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Personal Consumption Approach $245 Net Foreign Factor Income 4 Transfer Payments 12 Rents 14 Statistical Discrepancy 8 Consumption of Fixed Capital (depreciation) 27 Social Security contributions 20 Interest 13 Propietors Income 33 Net Exports 11 Dividends...
Answer:
I'm working on the same problem. Please, smb help. All I know is that the GDP is 388, but I can't figure...
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Answer:
The income approach to calculating GDP is labor income + rental income +interest income + profits =...
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Trying to figure out what fits in the C+I+G+NX sections... consider economy that produces only two goods, gas and oil.... revenue from selling gas: 4800000 cost of buying fresh oil from other company: 1300000 interest on funds borrowed to buy refinery...
Answer:
Only income approach is possible. GDP=compensation of employers+rent+interest+propietor's income+corporate...
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Answer:
Consumption is the largest component of the GDP, Investment, Government purchases, Net exports are exports...
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Answer:
Y = C + I + E + Gwhere Y = GDP C = Consumer Spending I = Investment made by industry E = Excess of Exports...
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