Attention is most often focused on net exports because that figure measures the net effect of a nation's trade in goods and services with the rest of the world . In 2000, net exports were 5.8% of GNP and in 2005, they were 6.8% . If the information above
Created: 6 years ago |
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The expenditures approach says GDP = consumption + investment + government expenditure + exports – imports. The income approach sums the factor incomes to the factors of production. The output approach is also called the “net product” or “value added” approach.
Md Azizur Rahman
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