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Gross Domestic Product Expenditures

Gross domestic product using the expenditure approach uses the sum of the final uses of goods and services measured in purchasers' prices.

The gross domestic product equals the sum of the consumption of goods and services, government purchases, gross investments and exports minus imports.

Formula

QuantityVariable["GDP", "Money"] == QuantityVariable["C", "Money"] + QuantityVariable["G", "Money"] + QuantityVariable["I", "Money"] - QuantityVariable["M", "Money"] + QuantityVariable["X", "Money"]

symbol description physical quantity
GDP gross domestic product "Money"
C consumption goods and services "Money"
G government purchases "Money"
I gross investments "Money"
M imports "Money"
X exports "Money"

Forms

Examples

Get the resource:

In[1]:=
ResourceObject["Gross Domestic Product Expenditures"]
Out[1]=

Get the formula:

In[2]:=
FormulaData[ResourceObject["Gross Domestic Product Expenditures"]]
Out[2]=

Use some values:

In[3]:=
FormulaData[ ResourceObject[ "Gross Domestic Product Expenditures"], {QuantityVariable[ "X","Money"] -> Quantity[30, "USDollars"], QuantityVariable["G","Money"] -> Quantity[40, "USDollars"], QuantityVariable["I","Money"] -> Quantity[50, "USDollars"], QuantityVariable["M","Money"] -> Quantity[20, "USDollars"]}]
Out[3]=

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