What is Expenditure Method?
You can define Expenditure Method as, Expenditure method is a system for calculating gross domestic product (GDP) that combines consumption, investment, public spending and net exports. This is the most common way to estimate GDP. He said the private sector, including private consumers and businesses, and governments operating within the borders of some countries, should be equal to the total cost of all manufactured goods and services in a given period. This method generates nominal GDP, which must be adjusted in order to achieve real GDP.
- Expenditure is the most common method of calculating a country's GDP.
- This method is equivalent to consumer spending, investment, public spending and net exports.
- Aggregate demand equates to spending over long-term GDP.
- An alternative way to calculate GDP is to look at income.
Literal Meanings of Expenditure Method
Meanings of Expenditure:
Act to spend funds.
Sentences of Expenditure
Spend tax money
Synonyms of Expenditure
doling out, spending, outlay, paying out, disbursement
Meanings of Method:
A special process for acquiring or dealing with something, especially an organized or established process.
Sentences of Method
How to restore software
Synonyms of Method
procedure, formula, means, process, modus operandi, mechanism, system, routine, medium, method of working, practice, technique