The Largest Component of GDP Is

question 296

Multiple Choice

The largest component of GDP is

• A) consumption expenditure.
• B) gross private domestic investment.
• C) government spending.
• D) net exports.

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Definitions:

Marketplace

An arena where buyers and sellers meet to exchange goods, services, or information, whether physically or through digital platforms.

Consumer Behaviour

The inquiry into processes used by individuals, groups, or organizations to select, gain, consume, and remove products, services, experiences, or thoughts for need fulfillment, and the resultant influences these processes exert on the individual and societal level.

Manipulate

To skillfully or unfairly influence or control someone or something to gain advantage, often without their knowledge.

Competition Act

Legislation aimed at promoting fair competition and preventing monopolistic practices within a market.