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1 May, 04:40

When the expenditure approach is used to measure GDP, the major components of GDP are:a. consumption, investment, indirect business taxes and depreciationb. employee compensation, rents, interest, self-employment income, and corporate profits. c. employee compensation, corporate profits, depreciation, and indirect business taxes. d. consumption, investment, government consumption and gross investment, and net exports.

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  1. 1 May, 05:08
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    d. consumption, investment, government consumption and gross investment, and net exports.

    Explanation:

    GDP = PFCE + GFCE + GDCF + NX

    By Expenditure method, GDP = expenditure by all sectors of economy - households, private firms, government, rest of world; i. e : -

    Private Final Consumption Expenditure (Consumption) + Government Final Consumption Expenditure (Government Consumption) + Gross Domestic Capital Formation (Gross Investment) + Net Exports
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