Of the Following, the Largest Component of GDP Is

question 113

Multiple Choice

Of the following, the largest component of GDP is

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

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Definitions:

Contra Liability

A liability account that is used to record reductions to another liability account, effectively acting as a negative liability.

Market Rate

The current price in the marketplace at which a given asset can be bought or sold.

Face Value

The nominal or dollar value printed on a financial instrument, such as a bond or stock certificate.

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a specified call price.