Final answer:
The components of GDP include consumption, investment, government purchases, and net exports.
Step-by-step explanation:
The components of gross domestic product (GDP) include consumption, investment, government purchases, and net exports.
Consumption refers to the expenditures made by individuals and households on goods and services. Investment represents the spending by businesses for capital goods and infrastructure. Government purchases include the spending by the government on final goods and services. Net exports refer to the difference between exports and imports.