Finance
GDP Calculator (Expenditure Approach)
Calculate Gross Domestic Product using the four components of aggregate spending.
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