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Sagot :
E: None of these
GDP = C + G + I + NX
C = consumption or all private consumer spending within a country’s economy, including, durable goods (items with a lifespan greater than three years), non-durable goods (food & clothing), and services.
G = total government expenditures, including salaries of government employees, road construction/repair, public schools, and military expenditure.
I = sum of a country’s investments spent on capital equipment, inventories, and housing.
NX = net exports or a country’s total exports less total imports.
GDP = C + G + I + NX
C = consumption or all private consumer spending within a country’s economy, including, durable goods (items with a lifespan greater than three years), non-durable goods (food & clothing), and services.
G = total government expenditures, including salaries of government employees, road construction/repair, public schools, and military expenditure.
I = sum of a country’s investments spent on capital equipment, inventories, and housing.
NX = net exports or a country’s total exports less total imports.
The income approach for computing GDP is GDP = R+W+I+P
Gross domestic product (GDP) is the sum of final goods and services produced in a country in a given year
There are three methods of calculating GDP:
- Income approach = Wages of labour + Rental income from ownership of capital + Interest + Profits.
- Expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
- Production approach = final cost of goods and services - intermediate cost
To learn more about GDP, please check: https://brainly.com/question/15899184?referrer=searchResults
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