The largest component of GDP as measured by the expenditure approach is
A)wages and salary earnings.
B)personal consumption.
C)net profits of corporations.
D)gross private investment.

Question

Quizplus · Accepted Answer

Personal consumption accounts for approximately 68% of GDP, making it the largest component of GDP as measured by the expenditure approach. Wages and salary earnings, net profits of corporations, and gross private investment are all smaller components of GDP.

The Largest Component of GDP as Measured by the Expenditure