The largest single expenditure component of GDP is:

Question

Quizplus · Accepted Answer

Consumption is the largest single expenditure component of GDP, representing the total spending by households on goods and services produced within a country's borders. It typically accounts for about two-thirds of overall GDP in most developed economies. Investment, government purchases, and net exports are all important components of GDP, but they tend to be smaller in size compared to consumption.

The Largest Single Expenditure Component of GDP Is