What's is: Household consumption refers to the final household expenditure on goods and services. Items can be classified as durable goods, nondurable goods, and services. Household consumption is a key indicator for analyzing demand in the
Expenditure Approach
Government Expenditure: Components and Effects on the Economy
What's it: Government expenditure refers to the money the government spends on goods and services or other items. Examples are expenditures on operational activities and investments in public services such as defense, education, social
Net Exports: Meaning, Formula, How to Calculate, Determinants, Impacts
Net exports are equal to exports minus imports. Exports represent foreigner purchases for domestic goods and services. Imports are purchases of foreign products and services by local consumers. Also known as a trade balance. How do we calculate