Which of the following is the correct ordering if we want to rank the four spending components, as a share of U.S. GDP in 2015, in descending (from highest to lowest) order?
A) Consumption, government purchases, investment, net exports
B) Consumption, investment, government purchases, net exports
C) Government purchases, consumption, investment, net exports
D) Consumption, government purchases, net exports, investment
E) Consumption, investment, net exports, government purchases
Correct Answer:
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Q23: Expenditure on _ is spending that is
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Q25: The largest component of GDP is
A)government purchases.
B)investment.
C)exports.
D)consumption.
E)government
Q26: Consumption expenditures include
A)expenditures by households on goods
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Q30: Investment expenditures are the sum of
A)business fixed
Q31: It is easier to measure GDP in
Q32: Investment is
A)the purchase of final goods by
Q33: GDP can be calculated only by using
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