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Which equation represents the relationship between GDP and the four major expenditure components? Y=C+1+6+NX OA, ○ B. Y(G+NX) OC. Y=C(I + G + NX) OD, Y=(C+1)-(G+NX) What are the four major components of expenditures in GDP? O A. Consumption, Investment, Government Purchases, and Net Exports B. Consumption, Intermediate Goods, Government Purchases, and New Expenditures ° C. Consumption, Intermediate Goods, Goods and Services, and Net Exports D. Consumption, Investment, Government Purchases, and Non-Durable Expenditures

Respuesta :

Answer:

Y = C + I + G + NX

Consumption, Investment, Government Purchases, and Net Exports 

Explanation:

GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.

Intermediate goods aren't included in the calculation of GDP.

Consumption includes all spending by households on durable and non durable goods.

Investment includes spending by government.

Government spending is all of government expenditure.

Net Export is export less import.

I hope my answer helps you

jepessoa

Answer:

A) Y = C + I + G + NX

Explanation:

The four main expenditure components of the US GDP 2019 are:

  • C: private consumption (which accounts for almost 70% of US GDP)
  • I: private investments (approximately 18%)
  • G: government spending (approximately 17%)
  • NX: net exports = exports - imports (approximately -5%)

Private consumption includes all final and legal goods and services produced within the US during 2019. Private consumption of services alone amounts to 45% of the total GDP.

Private investment includes all the purchases that businesses make to produce consumer goods or services, and the stock of unsold finished goods.

Government spending includes all the government levels (federal, state and local), and military spending is by far the highest amount (over 60% of total government spending).

The US currently has a trade deficit, which means it imports more goods and services than what it exports, and therefore the net exports is negative.

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