The LARGEST component of U.S. GDP is value added in:
A) household production.
B) business production.
C) government production.
D) production of goods sold overseas.

Question

Quizplus · Accepted Answer

Business production contributes the largest component to U.S. GDP, as it includes industries such as manufacturing, finance and insurance, real estate, and healthcare among others. Household production is not included in official GDP calculations, government production encompasses a smaller share of the economy, and production of goods sold overseas is only a portion of U.S. exports.

The LARGEST Component of U