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The largest component of US GDP is?

Updated: 4/28/2022
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11y ago

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household consumption.

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Q: The largest component of US GDP is?
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Related questions

What is the largest component of GDP spending in us?

consumption


What is the largest expenditure component of GDP?

consumption


What is the largest sector to the US GDP?

Consumption


What is the GDP of US?

The US' GDP is $15,094,025,000,000 for both Nominal and What_is_the_gross_domestic_product_of_the_USPower. This the largest of any country.Read more: What_is_the_gross_domestic_product_of_the_US


What is GDP of US?

The US' GDP is $15,094,025,000,000 for both Nominal and What_is_the_gross_domestic_product_of_the_USPower. This the largest of any country.Read more: What_is_the_gross_domestic_product_of_the_US


What is the largest spending component of GDP?

Consumption is largest spending components of GDP.It consists of private(household final consumption expenditure) in the economy.


What is US GDP?

US GDP, or Gross Domestic Product, is the total value of all goods and services produced within the United States in a specific time period, usually measured annually or quarterly. It is one of the primary indicators used to gauge the health and performance of the US economy.


Which country is the largest financial center in latin America?

There are two of them. One is Brazil, which in terms of volume has the largest share of income in Latin America, with a GDP of US$2.17 trillion. The other one is Mexico, with a GDP of US$1.65 trillion. As for 'financial centers', Mexico City has the largest income in Latin America with a GDP of US$390 billion, while Sao Paulo in Brazil has a GDP of US$388 billion.


What is the GDP of Vietnam?

Vietnam has the 60th largest GDP in the world at 70.9 billion US dollars (Based on 2007 statistics).


The biggest component of GDP?

it is consumption


Who has the largest GDP in Europe?

European Union, but Germany is the country with the largest GDP.


Which countries have the largest economies in the world?

With a GDP (PPP) of $14,720,000,000,000 USD, the United States is the largest economy. The US is followed by China (#2) with a GDP of $ 9,872,000,000,000; Japan (#3) with a GDP of $ 4,338,000,000,000; and India (#4) with a GDP of $4,046,000,000,000; and Germany with a GDP of $2,951,000,000,000. All figures from CIA World Factbook 2010 - GDP estimate expressed as PPP