The Largest Component of GDP Is

question 15

Multiple Choice

The largest component of GDP is:

• A) personal consumption expenditures.
• B) government spending.
• C) durable goods.
• D) net exports.

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Definitions:

Years

A measurement of time consisting of 12 months or 365 days, used in financial calculations to determine periods.

Equipment

Tangible property used in business operations, such as machinery, computers, and furniture, which usually has a long-term use.

Rate of Return

The accrual or depletion in value of an investment over a stipulated period, expressed in terms of the percentage of the investment's beginning cost.

Save

The act of putting money aside in a safe place for future use or investment, typically in a bank account or other financial instrument.