1. What are the four components of the output expenditure model? Explain each of the four in your own words.

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08-01-2021
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1. What are the four components of the output expenditure model? Explain each of the four in your own words.

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Shayne423idn Shayne423idn · Answer 1 · 2021-01-12T03:54:07-05:00

Shayne423idn Shayne423idn

12-01-2021

Answer:

The four components of gross domestic product are personal consumption, business investment, government spending, and net exports. 1 That tells you what a country is good at producing. GDP is the country's total economic output for each year. It's equivalent to what is being spent in that economy.

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