The phrase, "GDP equals what you eat plus what you invest plus what you export" characterizes which of the following methods?
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A. B. C. D.A
The Expenditure approach has four components:
1. Personal consumption expenditure.
2. Gross private domestic investment (investments by people residing outside the country are ignored, even if they happen to be citizens of the country).
3. Government consumption & investment.
4. Net exports.
These can be summarized as "GDP equals what you eat plus what you invest plus what you export."