In the calculation of GDP by Expenditure method what should be added from the following:
(A) Private Final Consumption expenditure
(B) Investment Expenditure
(C) Net imports
(D) Net exports
(E) Government Final Consumption Expenditure
Choose the correct answer from the options given below :
(
This question was previously asked in
Shift 05/06/2023 8:30 AM - 10:30 AM
A
(B), (C), (D), (E) Only
B
(A), (B), (D), (E) Only
C
(C), (D), (E), (A) Only
D
(A), (C), (B), (D) Only
Correct Answer
(A), (B), (D), (E) Only
Detailed Explanation
In the calculation of GDP by the Expenditure method, the following components should be added:
(A) Private Final Consumption Expenditure
(B) Investment Expenditure
(E) Government Final Consumption Expenditure
Net imports should not be added but rather deducted from the total to arrive at GDP. Net imports represent the difference between exports and imports and are subtracted to account for the importation of foreign goods and services.
So, the correct answer is:
(2) (A), (E), (B), (D) Only
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