GDP (Expenditure) GDP (Factor Incomes) GDP (Value of Output)
  • Private Consumption
  • Government spending
  • Investment spending
  • Change in value of stocks
  • Exports
  • - Imports
  • = GDP (known as aggregate demand)
  • Income from people in jobs and in self-employment (e.g., wages and salaries)
  • Profits of private sector businesses
  • Rent income from the ownership of land
  • Net tax on production
  • Value added from each of the main economic sectors. These sectors are:
    • Agriculture
    • Industry
    • Services
  • Net tax on products