Historically, _____ spending was the LARGEST component of U.S. GDP, at approximately 70% of aggregate spending.
A) government
B) consumer
C) investment
D) net export

Question

Quizplus · Accepted Answer

Consumer spending has historically been the largest component of U.S. GDP, accounting for approximately 70% of aggregate spending. This includes purchases of durable goods (such as cars and appliances), non-durable goods (such as food and clothing), and services (such as healthcare and education). Government spending, investment, and net exports also contribute to GDP, but to a lesser extent.

Historically, _____ Spending Was the LARGEST Component of U