Which equation represents the relationship between GDP and the four major expend

Question

Which equation represents the relationship between GDP and the four major expenditure components? Y=C+1+6+NX OA, B. Y(G+NX) OC. Y=C(I + G + NX) OD, Y=(C+1)-(G+NX) What are the four major components of expenditures in GDP? O A. Consumption, Investment, Government Purchases, and Net Exports B. Consumption, Intermediate Goods, Government Purchases, and New Expenditures ° C. Consumption, Intermediate Goods, Goods and Services, and Net Exports D. Consumption, Investment, Government Purchases, and Non-Durable Expenditures

Explanation / Answer

A) The correct answer to this question is "A". The equation which represents the relationship of GDP is Y=C+I+G+NX. Gdp is the sum total of consumption, investment, government expenditure and Nex exports.

b) Major components of expenditure in GDP are Consumption, Investment, Government Purchases, and Net Exports. The correct answer to this question is "A".  

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