The Largest Expenditure Component of GDP Is

question 209

Multiple Choice

The largest expenditure component of GDP is:

• A)consumption.
• B)investment.
• C)net exports.
• D)government spending.

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Definitions:

Payroll Tax

Exactions applied to employers or their staff members, often a percentage of the earnings paid out to the workforce.

Labor Supply

The total hours that workers are willing and able to work at a given wage rate, within an economy.

Payroll Tax

A tax that an employer withholds and pays on behalf of its employees, based on the wage or salary of the employee.

Payroll Tax

Charges applied to both employers and employees, often determined as a percentage of the wages paid to employees.