Recently,consumption has comprised approximately
A) one-half of GDP.
B) two-thirds of GDP.
C) three-fourths of GDP.
D) four-fifths of GDP.

Question

Quizplus · Accepted Answer

Consumption is a major driving force of the economy and typically comprises a significant portion of Gross Domestic Product (GDP). According to the United States Bureau of Economic Analysis, personal consumption expenditures (which includes goods and services purchased by households) accounted for approximately two-thirds of GDP in 2019. Therefore, choice B is the best answer.

Recently,consumption Has Comprised Approximately