The Largest Component of GDP in the Expenditure Approach Is

question 155

Multiple Choice

The largest component of GDP in the expenditure approach is

• A) personal consumption expenditures.
• B) gross private domestic investment.
• C) government expenditure on goods and services.
• D) net exports.

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Definitions:

Homicide

The act of one human killing another human being.

White-Collar

Describes jobs that are typically performed in an office environment and often involve clerical, administrative, or managerial duties as opposed to manual labor.

Street Crimes

Criminal acts that occur in public places, typically involving theft, assault, or vandalism.

Moral Panic

A widespread feeling of fear and concern among the general public that some evil threatens the well-being of society, often disproportionate to the actual threat.