Expenditure Method vs. Income Method . The income approach to measuring GDP is based on the accounting reality that all expenditures in an economy should equal the total income generated by the ...

As you all know, Gross Domestic Product (GDP) is an important economic term that is used to represent the final value of ...

Description topics Expenditure approach to GDP The way GDP is formed by underlying components in the so-called expenditure approach. In this approach the components are consumption by households, ...

NBS re-accounted GDP by expenditure approach by using the economic census data, that GDP by expenditure approach in 2004 was 16.028 trillion yuan, an increase of 1788.6 billion yuan as compared with ...

This expenditure approach allows to estimate the contribution of the various components of final expenditure to the volume change of GDP. ... It is also the balancing item in the total economy ...