List the 4 major components of GDP when calculating with the Expenditure Approach. As a part of your answer, include the sub-components of each major component.
a) Consumption
i) Durable Goods
ii) Non-durable Goods
iii) Services
b) Investment
i) Business Investment
ii) Residential Investment
iii) Inventory Investment
c) Government Spending
i) Federal Government Spending
ii) State and Local Government Spending
d) Net Exports
i) Exports of Goods and Services
ii) Imports of Goods and Services