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:

Product Life Cycle

The stages a product goes through from development and introduction to decline and discontinuation in the market.

Functional Benefits

The practical or utilitarian advantages that a product or service offers to customers.

Perceptual Benefits

Perceptual Benefits refer to the subjective advantages a consumer perceives in a product or service, often based on brand image, aesthetics, or status.

Sustainability Benefits

Advantages related to environmental, economic, and social sustainability that contribute to long-term ecological balance, resource conservation, and equitable societies.