MathLiveGDP expenditure approach
Gross domestic product measured as the total of spending on final goods and services in an economy: consumption, investment, government purchases and net exports. It is the standard way national accounts compute GDP from the demand side.
Y = C + I + G + NXWhat the symbols mean
| Gross domestic product (national output or income) | |
| Household consumption expenditure | |
| Gross private investment expenditure | |
| Government purchases of goods and services | |
| Net exports, exports minus imports |
About this formula
- FieldEconomics and finance
- TopicMacroeconomic accounting
- LevelHigh school
- Also calledNational income identity, GDP identity, Gross domestic product expenditure formula, Aggregate expenditure identity, GDP by expenditure, Expenditure method GDP
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