Whereas the expenditure approach projects forward from costs ... is also added to the national income. All of this together constitutes a nation’s income. GDP vs. GNP vs. GNI Although GDP ...

Consumption, fixed capital formation and changes in inventories add up to the so-called national final expenditure. By adding exports ... exports and minus imports of goods and services; - income ...

The ICP does not use the production approach nor the income approach to measuring GDP ... of goods and services as defined by the United Nations System of National Accounts. This expenditure approach ...