What Is the National Spending Approach?
- Title:
- What Is the National Spending Approach?
- Description:
-
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The national spending approach, also known as the expenditure approach, takes all the goods and services that go into GDP and splits them into consumption, investment, and government purchases. When GDP falls, this approach helps economists figure out why.
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- Video Language:
- English
- Team:
- Marginal Revolution University
- Project:
- Dictionary of Economics
- Duration:
- 03:02