The largest part of gross domestic product in the United States is
a. investment.
b. consumption.
c. government expenditure.
d. trade balance.
b. consumption.
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Which of the following transactions would be included in GDP for 2015?
a. On January 5, 2015, Chris Carter sold 100 shares of stock in IBM Corporation. b. Bonita Delgado purchases a new 2015 Chevrolet on March 10, 2015. c. Nadav Daniel buys a used desk from the "Struggling Students Used Furniture" store on May 9, 2015. d. Levi Lathan purchases a 75-year-old penthouse on Lake Shore Drive in Chicago, Illinois, on June 23, 2015.
Supply-siders feel that high levels of government spending:
A. assist private sector investing by creating infrastructure. B. have no impact on private sector investment. C. complement private spending. D. cause private sector investment to decline because of crowding out.