2.2.2 - Expenditure Method
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Practice Questions
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What does GDP stand for?
💡 Hint: Think about what GDP measures.
Name one component of the Expenditure Method.
💡 Hint: Recall the acronym CIGX.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does the Expenditure Method calculate?
💡 Hint: Consider what GDP represents in an economy.
True or False: Net exports are calculated as imports minus exports.
💡 Hint: Remember the formula for net exports.
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Challenge Problems
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If a country's consumption expenditure increases by 20% but investment decreases by 15%, how will this affect GDP assuming government spending and net exports remain constant?
💡 Hint: Focus on the overall impact of the components on GDP.
A nation has high imports but increasing net exports in the same year. How can this impact future government spending and economic planning?
💡 Hint: Consider the long-term implications of trade balances on government finances.
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