The largest expenditure component of GDP is:
A) Government purchases
B) Personal consumption expenditures
C) Gross private domestic investment
D) Net exports

Name: The largest expenditure component of GDP is: A) Government purchases B) Personal consumption expenditures C) Gross private domestic investment D) Net exports
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

Personal consumption expenditures, or consumer spending, make up the largest component of GDP, accounting for roughly 70% of total GDP in the United States.

The Largest Expenditure Component of GDP Is