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

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asked Mar 6, 2022 53.0k views

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Rifa Achrinza · Answer 1 · 2022-03-12T23:11:30+0000

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

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