Economics
Intermediate

GDP (Expenditure)

Gross domestic product by spending.

Formula

GDP=C+I+G+(X−M)GDP = C + I + G + (X - M)

Variables

CConsumption
IInvestment
GGovernment
X-MNet exports

Example

Total economic output

Did You Know?

GDP was invented in the 1930s to measure the Depression, yet its creator warned it ignores wellbeing.

macro