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The largest component of US GDP is?
household consumption.
What is the largest component of total spending in the US economy?
consumer spending
What is the smallest component of aggregate spending in US?
consumer spending
Why does the US have a very high GDP?
GDP is purchases from consumers, investments and purchases from businesses, government spending, and net exports, and most of GDP comes from consumer spending. Americans have a lot of money compared to the rest of the world, so we spend a lot of money.
What is the GDP used for?
GDP stands for Gross Domestic Product. It is the sum of consumption, investment, government spending, and net exports. It is used to determine the standard of living of a given country. Typically, the higher the number, the better the standard of living is in that country.
The largest component of US GDP is?
household consumption.
What is the largest component of total spending in the US economy?
consumer spending
The component of the US GDP are?
I'll give you the expenditure approach Consumption- share of GDP from consumer spending Investment-share from firm investment Government Spending-share of government spending Net Exports (exports-Imports)
What is the smallest component of aggregate spending in US?
consumer spending
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
Why does the US have a very high GDP?
GDP is purchases from consumers, investments and purchases from businesses, government spending, and net exports, and most of GDP comes from consumer spending. Americans have a lot of money compared to the rest of the world, so we spend a lot of money.
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 used for?
GDP stands for Gross Domestic Product. It is the sum of consumption, investment, government spending, and net exports. It is used to determine the standard of living of a given country. Typically, the higher the number, the better the standard of living is in that country.
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).
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
