Select all that apply.

which of the following are included in the gross domestic product (gdp), according to the expenditure approach?

1.property taxes
2.net exports
3.consumption
4.investment
5.government spending

GDP is the way to measure all the wealth produced by a country in a given period of time, usually one year. The most usual method of this measurement is the method from the point of view of expenses. Among the items in the question, only the first item does not enter the account.

The four correct options are consumption, ivestiment, government spending and net exports.

From the perspective of spending, GDP is calculated by summing all these factors together.

GPD = C + I + G + NX

where:

C = consumption

I = ivestiment

G = government spending

NX = net exports

net exports

consumption

investment

government spending

Explanation:

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