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

Name: The largest component of total spending in the U.S. economy is:
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Consumer spending accounts for approximately 70% of the U.S. economy, making it the largest component of total spending. Business spending and government spending are also significant components, but consumer spending still surpasses both. National Defense and the War on Terrorism are not as significant in terms of total spending in the economy.

The Largest Component of Total Spending in the U