Which of the Following Spending Components Makes Up the Largest

question 137

Multiple Choice

Which of the following spending components makes up the largest percentage of Gross Domestic Product (GDP) ?

• A) Consumption expenditures
• B) Government expenditures
• C) Gross private domestic investment expenditures
• D) Expenditures on net exports of goods and services

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Definitions:

Bureaucracy

An organizational structure in which tasks and responsibilities are regulated through a defined hierarchy and administrative system.

Hierarchy of Authority

The arrangement of individuals within a system or organization in a ranked order of authority, often forming a pyramid structure with a single person or group at the top.

Congressional Legislation

Laws and statutes passed by the United States Congress, which consists of the Senate and the House of Representatives.

Constitutional Amendments

Changes or additions made to the U.S. Constitution, requiring a significant consensus for ratification as outlined in the document itself.