ECONOMICS
REAL VS NOMINAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bridges and roads belong in which part of the GDP formula? GDP = C+I+G+(X-M)
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Consumption Expenditures
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Government Expenditures
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Investment Expenditures
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Net Imports
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Explanation:
Detailed explanation-1: -The four components of gross domestic product are personal consumption, business investment, government spending, and net exports. 1 That tells you what a country is good at producing. GDP is the country’s total economic output for each year. It’s equivalent to what is being spent in that economy.
Detailed explanation-2: -When using the expenditures approach to calculating GDP the components are consumption, investment, government spending, exports, and imports.
Detailed explanation-3: -The expenditure approach of GDP is defined as private final consumption expenditure + government final consumption expenditure + gross capital formation + exports-imports.
There is 1 question to complete.