Calculating GDP using the expenditure approach?

Calculating gdp using expenditure approach? HELP?

• 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 final consumption. All of darryls dry apricots are sold to consumers, so their valus is $2.3 million. $ 1.2 million of fannie's fresh apricots are sold to darryl, so only $2.0-$1.2= $0.8 million of fannie's production is for final consumption. So the total consumption on final goods & services is...$0.8 million + $2.3 million = $ 3.1 million