The expenditure category that accounts for the largest share of GDP is
A) gross private domestic investment.
B) government purchases of goods and services.
C) personal consumption expenditures.
D) net exports.

Question

Quizplus · Accepted Answer

Personal consumption expenditures account for approximately two-thirds of U.S. GDP, making it the largest expenditure category. Gross private domestic investment, government purchases of goods and services, and net exports account for the remaining third of GDP.

The Expenditure Category That Accounts for the Largest Share of GDP