Which of the following is true?
A) The share of consumption expenditure in the GDP of the United States has increased over the past 80 years.
B) The share of government expenditure in the GDP of the United States has fallen over the past 80 years.
C) The share of exports in the GDP of the United States has fallen in absolute value over the past 80 years.
D) The share of exports in the GDP of the United States has grown in absolute value over the past 80 years.

Question

Quizplus · Accepted Answer

According to historical data from the World Bank, the share of exports in the GDP of the United States has grown in absolute value over the past 80 years. This can be seen in the increase of U.S. exports as a percentage of GDP from 5.4% in 1947 to 12.1% in 2019. A and B are incorrect as the share of consumption expenditure and government expenditure in the GDP of the United States have both increased over the past 80 years. C is incorrect as the share of exports in absolute value has increased, not fallen.

Which of the Following Is True