Answered

Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

1. What are the four components of the output expenditure model? Explain each of the four in your own words.

Sagot :

Shayne423

Answer:

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.

Explanation:

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.