Calculating GDP using the Expenditure or Income Approach

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Jobs for economics • Best Jobs for Economic... In this video, you will learn about the expenditure approach to measuring Gross Domestic Product. The equation Y+C+I+G+NX will be used a lot in this course, it is important to know what it means and the trends of each of its components.

[@Antowan]

Im finally working through your original videos. I love the simple breakdown of the equation. Most people see the GDP equation and think oh no math, but you show why it's nothing to fear

[@EconWithDrA]

Thanks Antowan. My students love these videos but I look back at them and think so much growth since I started

[@gimhanikk3134]

Thank you very much!!! You deserve more subscribers.

[@EconWithDrA]

I appreciate you saying that. Hopefully more subscribers will continue to join! I will continue to produce quality content

[@kannandushevan5137]

Thankyou sir love from srilanka ❤

[@EconWithDrA]

Thank you for stopping by!

[@clanofgods9593]

I'm here because of my subject Macroeconomics😅

[@EconWithDrA]

Thank you for stopping by. Hope you find the content helpful.

[@clanofgods9593]

@@EconWithDrA Really Helpful sir, Thank you😇

[@learnfromtheclock3043]

🙏⭐

[@EconWithDrA]

Thanks for stopping by and for the comment!

[@abanobtalaat3624]

I just want to ask a question how income approach = expenditure approach when expenditure approach calculated in it net exports and income approach we didn't talk about net exports and, in income approach we talk about wages and in expenditure approach we talk only on consumption and we didn't talk about saving and intrest from saving

[@EconWithDrA]

One model calculates income as all money generated. The other calculates it through all money spent. The assumption is that if you made money you spent it somewhere or saved it, which then turns to investment. In reality the are not always exactly the same but they are close