Which Component Is the Smallest Part of U

question 192

Multiple Choice

Which component is the smallest part of U.S. GDP?

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

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Definitions:

Migration

The movement of people from one place to another with the intentions of settling, permanently or temporarily, in a new location.

Labor

Human effort used in production which can also include physical and mental effort.

Brain Drain

The emigration of highly trained or intelligent people from a particular country, often due to lack of opportunities or political instability.

Human Capital

The economic value of a person's experience and skills, including education, training, intelligence, skills, health, and other things employers value.