Over the last 60 years, the expenditure category that has had the largest relative weight on u.s. GDP is:
- Consumer spending while the smallest is Exports.
What is the GDP?
GDP is a term that refers to the gross domestic product of an economy. The GDP of an economy refers to the economic productivity of the nation. This index is used to determine the growth of the nation over time.
Over the last 60 years, consumer spending has had the largest relative weight on the GDP of the U.S.
Learn more about consumer spending here:
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