Author Question: Of the following, the largest component of GDP is A) personal consumption expenditure. B) gross ... (Read 57 times)

theo · **on:** Jun 29, 2018

Of the following, the largest component of GDP is

A) personal consumption expenditure.
B) gross private domestic investment.
C) government expenditure on goods and services.
D) net exports of goods and services.

Question 2

Investment is financed by which of the following?

I. Government spending
II. National saving
III. Borrowing from the rest of the world
A) I, II, and III
B) I and II only
C) I and III only
D) II and III only