The largest spending component of GDP is:
A) consumption.
B) investment.
C) government spending.
D) imports.

Question

Quizplus · Accepted Answer

Consumption refers to the spending by households on goods and services, which usually represents the largest component of GDP in most countries. Investment, government spending, and imports are also important components of GDP, but they typically do not surpass the level of consumption spending.

The Largest Spending Component of GDP Is