If C represents consumption expenditure, Ig represents gross investment, In represents net investment, G represents government expenditure, Xn represents net exports, and Xg represents gross exports, GDP is:

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18-07-2022
Business

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If C represents consumption expenditure, Ig represents gross investment, In represents net investment, G represents government expenditure, Xn represents net exports, and Xg represents gross exports, GDP is:

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-07-20T18:39:31+02:00

"If C represents consumption expenditure, Ig represents a gross investment, .."Xn represents net exports, and Xg represents gross exports, GDP is: C+Ig+G+Xn. This is further explained below.

What is expenditure?

Generally, money, time, or energy is spent in the process of spending Keep a running tally of all your purchases. expense.

In conclusion, "If C represents consumer spending, Ig represents gross investment, .." Xn denotes net exports, and Xg represents gross exports, GDP is: C+Ig+G+Xn