PRC-3 · Chapter 13 · Question 25 of 50
When calculating GDP using the Expenditure Approach, economists sum up consumption, investment, government spending, and:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Net exports (Exports minus Imports)
Explanation
The expenditure formula for GDP is C + I + G + (X - M), where (X - M) represents net exports.
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