Expenditure on final consumer goods like food, clothes etc and services by households is explained as private consumption expenditure.
• Government purchases are the expenditures on goods and services by the government.
• Net exports is the difference between exports and imports.
• value of gross domestic expenditure comprises private consumption, gross
investment and government purchases.
• Expenditure on gross domestic production can be calculated by adjusting net exports
to gross domestic expenditure.
• Expenditure on Gross National Production can be calculated by adjusting Net Foreign
Factor Income to Expenditure on Gross Domestic Productions
Total resources = Gross domestic production + goods and non factor services imports.
Utilization resources = Private consumption + Government consumption + Gross domestic capital formation + Goods and Non factors services exports.
(Explain using related data in Sri Lanka)