Expenditure approach

Related BrainMass Solutions

• Gross Domestic Product As Measure Of Economic Well-Being

  (foreigners' spending) = total final expenditure - imports of goods and services (spending abroad) = GDP The expenditure approach in measuring GDP has shortcomings.

• GDP calculations

  GDP (expenditure approach) = b. GDP (income approach) = c. NDI= d. PI= e.

• Various approaches in GDP Computation

  Income Approach, b.) Expenditure Approach, and c.) Value-added or Industrial Origin Approach.

• expenditure versus income approach to GDP

  292436 Compare and contrast the expenditure versus income approach to GDP Compare and contrast the expenditure versus income approach to GDP. Why are the results the same?

• Success of Economy

  One is the expenditure approach, the other is the income approach and the third is the output approach. The result of accounting through each of the three approaches must be the same.

• GDP and NDP

  Use the expenditure approach to calculate GDP. c. Use the income approach to calculate GDP. d. Calculate net domestic product (at factor cost). e.

• Multiplier: Replenishment of Business Inventories

  This method is known as the expenditure approach and is described below.

• gross domestic product

  Show that the expenditure approach and the income approach add up to the same figure.

• nominal GDP and real GDP

  Importance of GDP Measures: There are two approaches to determining gross domestic product and they include income approach and expenditure approach.