Discuss the GDP concept in terms of consumer expenditure, investment and export minus trade balance
17. a Net exports is a component of the expenditure approach to measuring GDP. 18. c Aggregate expenditure equals the sum of con-sumption expenditure ($200 billion) plus gross investment ($50 billion) plus government pur-chases ($60 billion) plus net exports (–$10 bil-lion, exports minus imports). Gross Domestic Product(GDP) Economic growth is measured in terms of an increase in the size of a nation's economy. A broad measure of an economy's size is its output. The most widely-used measure of economic output is the Gross Domestic Product (abbreviated GDP). Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. DEFINITION of 'Gross Domestic Product-GDP'. Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well. DEFINITION of 'Gross Domestic Product-GDP'. Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well. Economic growth is measured in terms of an increase in the size of a nation's economy. A broad measure of an economy's size is its output. The most widely-used measure of economic output is the Gross Domestic Product (abbreviated GDP). Gross Domestic Product(GDP) Economic growth is measured in terms of an increase in the size of a nation's economy. A broad measure of an economy's size is its output. (i) consumption (ii) investment (iii) government and (iv) Net export. (i) Consumption expenditure (C): Consumption expenditure is the largest component of national income. It includes expenditure on all goods and services produced and sold to the final consumer during the year. The expenditure approach. (i) consumption (ii) investment (iii) government and (iv) Net export. (i) Consumption expenditure (C): Consumption expenditure is the largest component of national income. It includes expenditure on all goods and services produced and sold to the final consumer during the year.
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.