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    Question

    What is the correct formula for calculating GDP using

    the expenditure method?
    A GDP = Consumption + Investment + Government Spending + (Exports − Imports) Correct Answer Incorrect Answer
    B GDP = Consumption + Savings + Taxes Correct Answer Incorrect Answer
    C GDP = Consumption + Investment + Exports − Imports Correct Answer Incorrect Answer
    D GDP = Consumption + Investment − Taxes Correct Answer Incorrect Answer

    Solution

    The expenditure approach to GDP calculation sums up consumption, investment, government spending, and net exports (exports minus imports). 

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