Overview

expenditure method


Show Summary Details

Quick Reference

The method of calculating domestic product using information on expenditure by various sectors of the economy, including consumers, investors, and the government. This naturally produces a figure at market prices. The expenditure method is contrasted with the other two methods, the output method, which proceeds by adding the net outputs of various sectors of the economy, and the income method, which proceeds by adding up the incomes of various sectors.

Subjects: Economics.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.