Answer:
The answer is: C. Consumption is by far the largest expenditure category, and that consumer spending on services far exceeds consumer spending on goods.
Step-by-step explanation:
In the US Economy, consumption is by far the largest component of the GDP. Also, in the US economy, the most stable and largest component of consumption is services.
Consumption is calculated by adding all the new, finished, legal, durable and non-durable products and services expenditures.
- During 2017, the GDP of the USA was $19.52 billion.
- Approximately 68.4% of the GDP was Household Consumption.
- Out of the total GDP, 80.2% were services.