How Much of GDP Consists of Consumer Spending

question 59

Multiple Choice

How much of GDP consists of consumer spending?

• A) 46%.
• B) 50%.
• C) 60%.
• D) 66%.

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Definitions:

Mobility

The ability to move freely and easily, often referring to social mobility, which is the movement of individuals or groups in social position over time.

Technology

The application of scientific knowledge for practical purposes, especially in industry, where it involves the machinery and equipment developed from such scientific knowledge.

Government

An organized group of people that governs a community, region, or country, often responsible for creating and enforcing laws, policies, and managing public services.

Economic Forces

Factors that influence the direction of economic activities and trends, such as supply and demand, inflation, and employment levels.