In the United States, the largest component of GDP is
A) consumption.
B) investment.
C) government purchases.
D) net exports.

Question

Quizplus · Accepted Answer

Consumption is the largest component of GDP in the United States, accounting for approximately 70% of the total GDP. This includes all household spending on goods and services, such as food, housing, healthcare, and entertainment. Investment, government purchases, and net exports make up the remaining 30% of GDP.

In the United States, the Largest Component of GDP Is