Answer to Question #59920 in Macroeconomics for Carla

Question #59920
Calculate GDP using the expenditure approach by adding up the data in the left set of the column.
1
Expert's answer
2016-05-16T10:46:02-0400
To calculate GDP using the expenditure approach we need to use the formula: Y = C + I + G + NX, where C - consumption, I - investment, G - government purchases, NX - net exports, NX = X - M, where X - exports, M - imports.

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