Finance

GDP Calculator (Expenditure Approach)

Calculate Gross Domestic Product using the four components of aggregate spending.

~68% of US GDP
Business + residential + inventory
Exports − Imports (can be negative)
Expenditure Approach:
GDP = C + I + G + NX
C = Consumer Spending, I = Investment
G = Government, NX = Net Exports

The Three Approaches to GDP

  • Expenditure: GDP = C + I + G + NX (most common)
  • Income: Sum of wages, profits, rents, interest
  • Production: Sum of value added at each stage