millionAccording to the expenditureapproach, if depreciation is $50million, GDP is_____________ and NDP is___________.
Your answer is correct.NDP = GDP - depreciationD.$1,200 million; $1,150 million
You correctly summed consumer expenditures, investment expenditures, government expenditures, and net exports to compute GDP. You also saw that NDP equals= GDP minus− Depreciation. The biggest component of GDP using the expenditure approach is____________ and the biggest component of GDP using the income approachis_____________.