This is a component of GDP that comes from the spending of Households.Select one:a. Consumptionb. Governmentc. Net Exportsd. Investments
Question
This is a component of GDP that comes from the spending of Households.Select one:a. Consumptionb. Governmentc. Net Exportsd. Investments
Solution
The answer is a. Consumption. This component of GDP comes from the spending of households on goods and services. It includes things like food, rent, medical care, and other consumer goods and services.
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