In calculating GDP using the expenditure approach, the largest component is
A) consumption spending.
B) government spending.
C) investment spending.
D) spending on durable goods.

Question

Quizplus · Accepted Answer

Consumption spending typically makes up the largest component of GDP using the expenditure approach as it includes all spending by households on goods and services, which often accounts for a significant portion of a country's economic activity.

In Calculating GDP Using the Expenditure Approach, the Largest Component