The Largest Component of GDP Is

question 55

Multiple Choice

The largest component of GDP is

• A)government purchases.
• B)investment.
• C)exports.
• D)consumption.
• E)government expenditures.

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Definitions:

Ethical Principle

Fundamental guidelines that dictate the behavior and decision-making process of individuals or organizations, ensuring actions are morally right.

Unjust Favoritism

A situation where preferential treatment is given without fair standards or merit, often leading to dissatisfaction and conflict within groups.

Group Harmony

The state of agreement and cooperation among members of a group, achieved by minimizing conflicts and emphasizing common interests.

Individualism

A theoretical approach that prioritizes individual autonomy over the power of groups or governmental authority.