Consistently, the Largest Component of GDP Is

question 1

Multiple Choice

Consistently, the largest component of GDP is

• A)Consumption
• B)Private investment
• C)Government spending
• D)Net exports

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Definitions:

Despotic Governments

Governments characterized by an authoritarian form of rule where a single entity or a small group possess absolute power without effective constitutional limitations.

Natural Right

A philosophy asserting that individuals inherently possess rights that cannot be taken away by government or society, such as life, liberty, and property.

Pursuit of Happiness

Often associated with the US Declaration of Independence, it refers to the right of individuals to seek and attain their own version of happiness.

Property Ownership

The legal right or title to possess, use, and dispose of physical or intellectual property.