A country reports the following data for a given year. Household consumption: $500 billion Business investments: $200 billion Government spending: $300 billion Exports: $150 billion Imports: $100 billion How can you calculate the GDP using the expenditure approach?
Answer
A
Add exports, imports, consumption, spending, and investments.
B
Add consumption, investments, and government spending. Then, subtract net exports.
C
Add consumption, investments, government spending, and net exports.
D
Add exports, imports, consumption, and spending. Then, subtract investments.