The expenditure approach to calculating a nation’s GDP is to add:a. the value of final products minus the cost of intermediate goods used in the production process. b. wages and salaries earned by the nation’s workforce. c. wages and salaries, interest, rent and profit earned. consumption, investment, government spending and net exports. d. wages and salaries, and interest payments on government debt.

The expenditure approach to calculate nation;s GDP is: Option C: wages and salaries, interest, rent and profit earned.consumption, investment, government spending and net exports

Explanation:

GDP gives a clear picture to an economist and policy makers telling whether an economy is expanding or contracting.

The expenditure approach is one of the three approaches to calculate GDP of the nation. It involves summing up all expenditure done on goods and services which are final, over a period of time. This expenditure or spending can be in following categories: consumption, investment, government spending done by all 'government entities', exports (goods that are produced in the country and purchased by other countries), and imports.

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

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