Ranked in their relative importance in the consumption component of GDP in the United States, one finds
A) durables, nondurables, and services.
B) services, durables, and nondurables.
C) nondurables, services, and durables.
D) nondurables, durables, and services.
E) services, nondurables, and durables.

Question

Quizplus · Accepted Answer

Services, nondurables, and durables, in that order, represent the largest to smallest components of consumption in the United States GDP. Services make up the largest part, followed by nondurable goods, and durable goods are the smallest portion of consumption spending.

Ranked in Their Relative Importance in the Consumption Component of GDP