The Largest Component of GDP Based on the Expenditures Approach

question 142

True/False

The largest component of GDP based on the expenditures approach is government spending (at all levels: federal, state, and local).

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Definitions:

Extrinsic Motivation

Motivation that is derived from external rewards, such as money, fame, grades, or praise, rather than internal satisfaction.

Human

A member of the species Homo sapiens, characterized by advanced cognitive abilities, bipedalism, and the capacity for language and complex social structures.

Research

The systematic investigation into and study of materials, sources, etc., in order to establish facts and reach new conclusions.

Age

A measure of the amount of time that a person or object has existed since its beginning.