Important
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Title: Important

Essay Details:

Subject: Business
Author: Kim M
Date: October 18, 2014
Level: University
Grade: A
Length: 3 / 788

Essay text:

Expenditure approach B. Income approach A. Expenditure approach Expenditure approach is sum of four factors or components- 1. Personal consumption expenditure(C) 2. Gross domestic private investment(I) 3. Government expenditure and investment(G) 4. Net exports(Export earnings-Import payments)which is denoted by X-M In equation form, we may write GDP = C + I + G + X - M 1. Personal consumption expenditure(C) I. Durable goods such as automobiles and furniture’s II. Non- durable goods such as vegetables and fruits III. Services such as doctors fee 2. Gross domestic private investment (I) It is consist of three categories- I...

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