The nongovernment share of GDP equals
A)saving as a share of GDP.
B)the sum of the consumption and investment shares of GDP.
C)1 minus the government share of GDP.
D)the sum of the investment and net export shares of GDP.
E)the sum of the consumption and net export shares of GDP.

Question

Quizplus · Accepted Answer

The nongovernment share of GDP is essentially the portion of GDP not accounted for by government spending. Therefore, it can be calculated as 1 minus the government share of GDP, as this subtracts the government's contribution from the total GDP, leaving the portion of GDP that is not related to government spending.

The Nongovernment Share of GDP Equals