Final answer:
The correct equation representing the relationship between GDP and its expenditure components is GDP = Consumption + Investment + Government Spending + Net Exports.
Step-by-step explanation:
The equation that represents the relationship between GDP (Gross Domestic Product) and the four major expenditure components is:
GDP = Consumption + Investment + Government Spending + Net Exports
This equation reflects the demand side of the economy, breaking down the total production into its parts: consumption by consumers, investment by businesses, spending by government on goods and services (government spending), and net exports, which is the value of exports minus the value of imports.