The Largest Component of GDP in the Expenditure Approach Is

question 88

Multiple Choice

The largest component of GDP in the expenditure approach is

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

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Definitions:

Piagetian Stage

One of the developmental phases in Jean Piaget's theory of cognitive development, including sensorimotor, preoperational, concrete operational, and formal operational stages.

Sensorimotor Stage

The first stage in Piaget's theory of cognitive development, occurring from birth to approximately 2 years of age, during which infants learn about the world through their senses and actions.

Skinnerian

Pertaining to the theories and principles of B.F. Skinner, particularly regarding behaviorism and the use of reinforcement and punishment.

Behavior

The actions or reactions of an individual or system in response to external or internal stimuli.