Consumption is approximately ________ of gross domestic product (GDP).
A) 50 percent
B) 90 percent
C) 70 percent
D) 80 percent
E) 40 percent

Question

Quizplus · Accepted Answer

Consumption typically accounts for around 70 percent of gross domestic product (GDP) in most countries. This means that the majority of economic activity in a given country is driven by the spending of consumers, rather than by government or business investment.

Consumption Is Approximately ________ of Gross Domestic Product (GDP)