Which of the Following Spending Components Makes Up the Largest

question 127

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:

Variety

In economics, it represents the assortment or range of different products, services, or goods available in a market.

Export Products

Goods or services produced in one country and sold to buyers in another country.

Cheaper Elsewhere

A phrase indicating that an item or service can be purchased at a lower cost in a different location or market.

U.S.-produced Goods

Products that are manufactured, created, or assembled within the United States.