Consumption is approximately ________ of GDP.
A) 50%
B) 90%
C) 70%
D) 80%
E) 40%

Name: Consumption is approximately ________ of GDP. A) 50% B) 90% C) 70% D) 80% E) 40%
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Question

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Consumption is the largest component of GDP and typically accounts for around 70% of GDP in most countries. This includes private consumption expenditures such as household spending on goods and services, as well as government consumption expenditures like salaries and pensions for public employees.

Consumption Is Approximately ________ of GDP