The largest component of GDP is
A) consumption spending.
B) investment spending.
C) government purchases.
D) net exports.

Name: The largest component of GDP is A) consumption spending. B) investment spending. C) government purchases. D) net exports.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

Consumption spending is the largest component of GDP, accounting for about two-thirds of the GDP in most countries. It includes all private expenditures by households and nonprofit institutions.

The Largest Component of GDP Is