In the expenditure approach to GDP, the largest component is
A) government expenditure on goods and services.
B) personal consumption expenditures.
C) gross private domestic investment.
D) net exports.
Correct Answer:
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Q78: GDP using the expenditure approach equals the
Q79: _ is gross investment minus _.
A) The
Q80: Of the following, the largest component of
Q81: Gross private domestic investment is all purchases
Q82: Let C represent consumption expenditure, S saving,
Q84: Consumption expenditure is the payment by households
Q85: Personal consumption expenditures include
A) expenditures by households
Q86: An example of "investment" in the national
Q87: All of the following household expenditures are
Q88: The largest component of GDP is
A) gross
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