The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by ...

Governments directly and indirectly influence the way resources are used in the economy. The basic equation of national income accounting helps show how this happens: GDP = C + I + G + NX. On the left ...

The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.