The Largest Component of Spending in GDP Is

question 246

Multiple Choice

The largest component of spending in GDP is

• A)consumption spending.
• B)investment spending.
• C)government spending.
• D)net export spending.

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Definitions:

Organizational Change

The process through which a company or organization changes its structure, strategies, operational methods, or culture to effect improvement or to keep up with external demands.

Core Competency

Fundamental strength or advantage of an organization or individual that is central to its identity and competitiveness, often reflected in unique skills, technologies, or resources.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.

Technological Advancement

The development and application of innovative tools, machines, materials, or processes that improve efficiency and productivity.