The Largest Component of Spending in GDP Is

question 52

Multiple Choice

The largest component of spending in GDP is

• A)household spending.
• B)investment spending.
• C)government spending.
• D)net export spending.
• E)wages.

---

Definitions:

Cost Estimates

An evaluation or approximation of the likely expenses involved in the execution of a project or production of a good.

Goodwill

The positive reputation and relationship a business maintains with its customers, employees, and community, often considered an intangible asset.

Favorable Response

A positive or approving reaction to a query, proposal, or situation.

Logical Order

An arrangement of ideas or elements that follows a coherent sequence, ensuring clarity and enhancing the effectiveness of communication.