The largest component of GDP is a. private consumption expenditures b. private investment spending c. tax revenue d. government purchases of goods and services e. the nation's capital stock
The largest component of GDP is a. private consumption expenditures b. private investment spending c. tax revenue d. government purchases of goods and services e. the nation's capital stock
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Measuring A Nation's Income
Section: Chapter Questions
Problem 5CQQ
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Question
The largest component of
a. |
private consumption expenditures |
|
b. |
private investment spending |
|
c. |
tax revenue |
|
d. |
government purchases of goods and services |
|
e. |
the nation's capital stock |
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