The income generated during the production process is used by final users for purchased of goods and services in an economy. Hence GDP can also be calculated by Expenditure Approach i.e. by summing the Final Consumption Expenditure (FCE), Gross Capital Formation (GCF)...
All posts for GDP Expenditure Approach
FIJI’S NOMINAL GROSS DOMESTIC PRODUCT (GDP) 2022 EXPENDITURE APPROACH
The income generated during the production process is used by final users for purchased of goods and services in an economy. Hence GDP can also be calculated by Expenditure Approach i.e. by summing the Final Consumption Expenditure (FCE), Gross Capital Formation (GCF)...