Examlex
The equation for GDP using the expenditure approach is
Purchases Of Merchandise
Transactions involving the acquisition of goods for resale in the ordinary course of business, typically in a retail or wholesale setting.
Future Economic Benefit
The potential to contribute directly or indirectly to the flow of cash and cash equivalents to an entity.
Common Characteristic
A property or attribute that is shared among all members of a category.
Asset
An economic resource owned or controlled by an individual or corporation, expected to provide future benefit.
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