Hint: Add the amount of money spent by buyers of final goods and services. Which of the following would be included in the expenditure method of calculating GDP? Check all that apply. JoAnn's Catering spends $200. O Carlos spends $1,100. Awesome Foods Market spends $950. The total contribution to GDP, measured by the expenditure method, is
Hint: Add the amount of money spent by buyers of final goods and services. Which of the following would be included in the expenditure method of calculating GDP? Check all that apply. JoAnn's Catering spends $200. O Carlos spends $1,100. Awesome Foods Market spends $950. The total contribution to GDP, measured by the expenditure method, is
Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 3P
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GDP is the total final value of goods and services produced in a country during a particular period. The formula for calculating gdp in expenditure method is consumption + expenditure + investment + net exports (exports-imports).
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