According to the expenditure approach to measuring GDP,in the United States ,the largest component of GDP is
A)consumption expenditure.
B)investment.
C)government expenditure on goods and services.
D)net exports of goods and services.
E)wages.

Question

Quizplus · Accepted Answer

Consumption expenditure, which includes all purchases of goods and services by households, is typically the largest component of GDP in the United States, accounting for approximately 70% of total GDP in recent years. Investment, government expenditure, and net exports are also important components, but they typically make up smaller shares of the overall total. Wages, while an important factor in determining household income, are not directly included in GDP calculations.

According to the Expenditure Approach to Measuring GDP,in the United