What are the four components of GDP?

The four components of gross domestic product are personal consumption, business investment, government spending, and net exports. These four components tell you what a country is good at producing and how robust its overall economy is. Annual GDP is the country's total economic output throughout the year.

What are the four components of gross domestic product?

Net Exports of Goods and Services The four components of gross domestic product are personal consumption, business investment, government spending, and net exports. These four components tell you what a country is good at producing and how robust its overall economy is.

What are the four categories of GDP?

The national income accounts divide GDP into four broad categories of spending: Consumption, Investment, Government purchases and Net Exports. Consumption consists of the goods and services bought by households. It is divided into three subcategories: nondurable goods, durable goods, and services.