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Question
Which is the basic expenditure equation for Gross Domestic Product at Market Price?
Options
\[GDP_{MP}=C+I+G-(X-M)\]
\[GDP_{MP}=C-I-G+(X+M)\]
\[GDP_{MP}=C+I+G+(X-M)\]
\[GDP_{MP}=C+I-G+(M-X)\]
MCQ
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Solution
Gross Domestic Product at Market Price is calculated by adding private consumption, investment, government expenditure, and net exports. Net exports are represented by \(X-M\).
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