Personal Consumption Expenditure Is the Largest Spending Component in GDP

question 87

True/False

Personal consumption expenditure is the largest spending component in GDP.

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Definitions:

Social Movement Formation

The process by which social movements emerge, typically as a response to perceived injustices, aiming to foster social change through collective action and mobilization.

Collective Violence

violence perpetrated by groups against other groups or communities, often driven by social, political, or economic objectives.

Directed Violence

Purposeful harmful actions aimed at individuals, groups, or communities with the intent to injure or kill.

Organizational Violence

Acts of aggression, coercion, or harm (physical or psychological) that occur within or are perpetrated by an organization.