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The fastest growing component of GDP is often personal consumption expenditure, driven by rising consumer confidence and increased spending on goods and services. Factors such as low unemployment, wage growth, and access to credit contribute to this trend, as consumers feel more secure in their financial situations. Additionally, technological advancements and shifts in consumer preferences towards online shopping and experiences further boost this segment of the economy.
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The biggest component of GDP?
it is consumption
What is the largest expenditure component of GDP?
consumption
In the calculation of GDP, the value of a new house constructed by a firm is included in which component?
The value of a new house constructed by a firm is included in the investment component of GDP.
The largest component of US GDP is?
household consumption.
What is the largest component of GDP spending in us?
consumption
What is the fastest growing component of the internet commerce?
Business-to-business e-commerce is the fastest growing component of internet commerce. It is often abbreviated as B2B.
Who currently has the worlds fastest growing economy?
Myanmar is the world's fastest-growing economy, according to the IMF's latest World Economic Outlook. The country's GDP is projected to grow by 8.6% this year. At this time Papua New Guinea has taken over the ranking of the fastest growing economy. It has a GDP growth of 16 percent.
Which component of the global footprint is the fastest growing?
The carbon footprint component is currently the fastest-growing part of the global footprint due to increasing greenhouse gas emissions from human activities like burning fossil fuels and deforestation.
What is Canada's fastest and largest growing industry?
financial, realestate and insurance industry takes 21% of GDP
The biggest component of GDP?
it is consumption
What is the largest expenditure component of GDP?
consumption
What are the fastest growing plants?
i think the fastest growing plants are Morning Glory and Sunflower ----- Bamboo is the fastest growing plant.
In the calculation of GDP, the value of a new house constructed by a firm is included in which component?
The value of a new house constructed by a firm is included in the investment component of GDP.
What is the largest component of GDP spending in us?
consumption
The largest component of US GDP is?
household consumption.
What is the Nigerian rank in economic list of Africa?
Nigeria ranks 3rd in African's GDP and 37th in the world GDP. The highest economy and GDP in West Africa. http://en.wikipedia.org/wiki/List_of_African_countries_by_GDP_PPP Also Nigeria is one of the fastest growing economy in the world. http://en.wikipedia.org/wiki/Nigeria http://en.wikipedia.org/wiki/Regional_power
What was the fastest growing website in 2007?
WikiAnswers was the fastest growing website in 2007.
