The Largest Component of GDP in the Expenditures Approach Is

question 238

Multiple Choice

The largest component of GDP in the expenditures approach is

• A) government expenditure on goods and services.
• B) net exports.
• C) personal consumption expenditures.
• D) gross private domestic investment.

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Definitions:

Investment

An investment is an asset or item acquired with the goal of generating income or appreciation over time.

Investment

The action or process of investing money for profit or material result, often involving risk.

Original Principal

The initial amount of money loaned or invested, before any interest or profits are added.

Missing Value

A data point or an element in a statistical or mathematical model that is not observed or recorded.