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Q: explain how to calculate Gross Domestic Product using the expenditure approach.
A: The expenditure approach involves counting expenditures on goods and services by different groups in the economy. [ The four main components are consumption expenditures by households (C), gross private investment spending principally by firms (I), government purchases of goods and services (G), and net exports (exports minus imports EX - IM). Here is an equation that sums it up: ,you can go to
this website for farther explaination... ]
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User: one disadvantage of using real GDP per capita as a standard of living measurement

User: one factor that is included in an alternative measurement for the quality of life, but not found in the GDP per capita.

User: explain how to calculate Gross Domestic Product using the expenditure approach.

Weegy: The expenditure approach involves counting expenditures on goods and services by different groups in the economy. [ The four main components are consumption expenditures by households (C), gross private investment spending principally by firms (I), government purchases of goods and services (G), and net exports (exports minus imports EX - IM). Here is an equation that sums it up: ,you can go to this website for farther explaination... ]
greenlove|Points 423|

User: explain the effects of this action on interest rates, consumption, investments, and Gross Domestic Product.

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Asked 5/1/2012 2:33:18 PM
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