The Largest Component of GDP Is

question 39

Multiple Choice

The largest component of GDP is

• A) government spending.
• B) consumption expenditures.
• C) private investment expenditures.
• D) net exports.

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Definitions:

Laissez-faire Cultural Pluralism

A viewpoint advocating for minimal governmental intervention in the cultural practices and identities of different groups within a society.

Cultural Diversity

The variety of human societies or cultures in a specific region, or in the world as a whole.

Governmental Policies

Guidelines, rules, or procedures set by governments to direct and manage public affairs and achieve specific outcomes.

Ethnic Enclaves

Geographic areas with high concentrations of one particular ethnicity, often embodying distinct cultural norms, economic systems, and social practices.