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Sagot :
The correct answer is b. Workers' wages and other compensation is not a component of GDP in the expenditures approach.
GDP is calculated using the expenditure method as the total of consumer spending, government spending, gross domestic product, and net exports (which is equal to imports minus exports). On the other hand, the income approach uses worker pay and other compensation to measure GDP. Consumption, investment, government spending, exports, and imports make up the components of the GDP when it is calculated using the expenditures method. Personal consumption, gross domestic investment, government purchases, and net exports are the four main factors that make up gross domestic product. Due to the fact that imported items are manufactured in another nation, they do not increase the gross domestic product.
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