Based on Canada's 2017 GDP calculation (using the expenditure approach), what areas contributed the most toward Canada's GDP (calculation based on the expenditure approach) in 2017?
A)Personal consumption expenditure
B)Gross investment expenditure
C)Government purchases of goods and services
D)Net exports

Question

Quizplus · Accepted Answer

Personal consumption expenditure contributed the most towards Canada's GDP in 2017, accounting for approximately 55% of the total GDP. Gross investment expenditure followed closely behind, accounting for around 24% of the total GDP. Government purchases of goods and services accounted for approximately 20% of the total GDP, while net exports made a negative contribution to Canada's GDP in 2017.

Based on Canada's 2017 GDP Calculation (Using the Expenditure Approach)