What is the largest single expenditure component of GDP?
A)government purchases
B)net exports
C)investment
D)consumption

Question

Quizplus · Accepted Answer

Consumption, also known as personal consumption expenditures, is the largest single component of GDP. It refers to the amount of money spent by households on goods and services. While government purchases, investment, and net exports are also important components of GDP, they do not make up as much of the economy as consumer spending.

What Is the Largest Single Expenditure Component of GDP