**Question:**Which of the following components makes up the largest percentage of GDP measured by aggregate spending?**Options:**- ○ imports- ○ government purchases of goods and services- ○ consumer spending- ○ investment spending- ○ exportsThis question is designed to test your understanding of the components of Gross Domestic Product (GDP) in terms of aggregate spending. Consider which category typically constitutes the largest portion of GDP in most economies.

GDP has various components when it is calculated by expenditure methods:- Net export ( Export -…

Which of the following components makes up the largest percentage of GDP measured by aggregate spending O imports O government purchases of goods and services O consumer spending O investment spending еxports

Which of the following components makes up the largest percentage of GDP measured by aggregate spending O imports O government purchases of goods and services O consumer spending O investment spending еxports

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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