However, the most famous GDP formula uses the expenditure approach: GDP = Consumption + Government Spending + Investment + Net Exports. Consumption is typically the most important variable in the ...

GDP is looked to as a primary indicator of ... These three approaches are often termed the expenditure approach, the output (or production) approach, and the income approach.

The aggregation of individual incomes or expenditures into GDP ignores distributional questions ... their calculations show that this approach closes much of the apparent gap in living standards ...

This approach has been found to work well in economies ... These two sets of prices cover the whole range of final goods and services included in GDP: household consumption expenditures, government ...

The recent slowdown in GDP growth, to 6% in H1 FY25 from 8.2% in FY24, has been partly driven by a slump in the government's capital expenditure, which has seen a double-digit decline during this ...

The ICP does not use the production approach nor the income approach to measuring GDP. Instead, ICP comparisons of GDP are based on the expenditure approach, where GDP is measured as the sum of the ...

Such reductions, of course, can be achieved by either raising revenues, reducing expenditures, or a combination of the two. Experience suggests that large increases in the ratio of tax revenue to GDP ...