consumption
household consumption.
consumption
agriculture
Yes and no. Simply, no. Charity is not a component of GDP. Practically though, yes it is counted because charities have to purchase things or give money to people who in turn purchase things. This becomes the biggest portion of GDP: consumption. Say you donate $1,000 to Habitat for Humanity. This $1,000 is NOT calculated in GDP. But Habitat will then turn around and purchase lumber, nails, dry wall, insulation, etc etc etc with that $1,000. At that point it becomes part of GDP.
consumption
household consumption.
consumption
The smallest component of GDP is net exports. The value of imports, the purchases by United States citizens of foreign-produced goods, is subtracted from the value of exports.
the biggest component of household trash is food
agriculture
Yes and no. Simply, no. Charity is not a component of GDP. Practically though, yes it is counted because charities have to purchase things or give money to people who in turn purchase things. This becomes the biggest portion of GDP: consumption. Say you donate $1,000 to Habitat for Humanity. This $1,000 is NOT calculated in GDP. But Habitat will then turn around and purchase lumber, nails, dry wall, insulation, etc etc etc with that $1,000. At that point it becomes part of GDP.
The US is the biggest national economy of the world with a GDP of around $14.500 billions a year.However, the biggest economy of the world is the EU (European Union) with a GDP od around $16.200 billions a year.
the sum of all non-financial business investments
The world's 3rd biggest economy is Japan with an average GDP of $5.400 billions a year.
The skin is the largest organ in the human body. The biggest "component" in the body is water.
It depends on what you mean by big. Germany has the biggest population and highest GNP France is biggest by Area Luxemburg has the highest GDP (PPP)