What Type of Spending Is the Largest Component of the GDP

question 53

Multiple Choice

What type of spending is the largest component of the GDP?

• A) consumption
• B) government purchases
• C) net exports
• D) investment

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Definitions:

Educational Opportunities

Various options or programs available for individuals to learn and acquire knowledge or skills.

Defamation

The act of making a statement that can be proven to be false, with the intention of causing harm to another’s reputation or livelihood.

Reputation

The public perception or image of an individual, brand, or organization, shaped by past actions, communications, and stakeholder experiences.

Utilitarianism

A theory in normative ethics holding that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.