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Expenditure Estimate of GDP

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PPGPortal > Home > Concept Dictionary > D, E > Expenditure Estimate of GDP
 

Expenditure Estimate of GDP

The expenditure estimate for Gross Domestic Product is arrived at by adding up all spending on final demand in the economy. 

(Peter Dungan, Toronto PPG1002H and Mankiw, N. Gregory, Ronald Kneebone, Kenneth J. McKenzie and Nicholas Rowe. 2008. Principles of Macroeconomics, 4th Canadian ed. Toronto: Thomson Nelson.)

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This is one of the two ways that GDP is estimated, with the other being the "income estimate". The major components of the expenditure estimate are: household consumption, business investment, government spending on goods and services and net exports. 

Related term for Expenditure Estimate of GDP is Income Estimate of GDP

     

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