Which of the following statements about the consumption component of GDP is not correct? OA Spending...

 

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Which of the following statements about the consumption component of GDP is not correct? OA Spending on services is smaller than the amount of consumption spending on durable and nondurable goods. OB. Since 1960, the consumption component of GDP has generally increased as a fraction of GDP. OC. Consumption as a fraction of total GDP in the U.S. is larger compared to all other high income nations in the world. OD. The consumption component of GDP in the U.S. is greater than all three of the other components (government, investment, and net exports) comt 4 Which of the following statements about the consumption component of GDP is not correct? OA Spending on services is smaller than the amount of consumption spending on durable and nondurable goods. OB. Since 1960, the consumption component of GDP has generally increased as a fraction of GDP. OC. Consumption as a fraction of total GDP in the U.S. is larger compared to all other high income nations in the world. OD. The consumption component of GDP in the U.S. is greater than all three of the other components (government, investment, and net exports) comt 4

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The detailed answer for the above question is provided below Answer Option A Spending on ... View the full answer