The largest component of total spending in the U.S. economy is

Question

Quizplus · Accepted Answer

Consumption spending includes all spending by households on goods and services, and it accounts for over two-thirds of total spending in the U.S. economy. This includes spending on necessities like food and housing, as well as discretionary spending on items like entertainment and travel. While government and business spending also play important roles in the economy, they make up a smaller portion of total spending compared to consumption.

The Largest Component of Total Spending in the U