The largest component of GDP as measured by the expenditure approach is:
a. wages and salary earnings.
b. personal consumption.
c. net profits of corporations.
d. gross private investment.
b
Economics
You might also like to view...
Which of the following is most likely to increase an individual's future spending?
A) Paying back a loan in the future B) Borrowing money today C) Depositing money in the future D) Withdrawing money in the future
Economics
During the 2007-2009 financial crisis the excess reserve ratio
A) increased sharply. B) decreased sharply. C) increased slightly. D) decreased slightly.
Economics