Economics · National Income
When calculating GDP using the 'Expenditure Method', which specific component accounts for the investment in fixed assets by businesses and the government, as well as the change in inventories?
- 1Net Exports of Goods and Services
- 2Gross Domestic Capital Formation✓
- 3Government Final Consumption Expenditure
- 4Private Final Consumption Expenditure
Correct answer
Gross Domestic Capital Formation
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