Answer:The contribution of consumption was greatest during the economic expansion of the 1990s in the United States.
During this period, the US economy experienced a sustained period of growth, with low unemployment rates, strong GDP growth, and rising incomes. This led to an increase in consumer confidence and spending, which in turn drove economic growth even further.
One of the key factors contributing to this expansion was the rise of the internet and e-commerce. The widespread adoption of the internet and online shopping allowed consumers to easily compare prices and find the best deals, leading to increased competition among retailers and lower prices for consumers. This, in turn, led to increased consumer spending and contributed significantly to the overall economic expansion.
Another factor contributing to the expansion was the growth of the housing market. Low interest rates and relaxed lending standards led to a surge in home buying and construction, which had a ripple effect throughout the economy. The housing boom created jobs in construction, real estate, and related industries, which helped drive overall economic growth.
Finally, government policies such as tax cuts and deregulation also played a role in fueling the expansion. The Taxpayer Relief Act of 1997, for example, lowered capital gains taxes and made it easier for individuals to invest in stocks and other assets. This helped fuel a boom in the stock market, which further boosted consumer confidence and spending.
Overall, the contribution of consumption was greatest during the economic expansion of the 1990s in the United States. The combination of factors including the rise of e-commerce, growth in the housing market, and government policies such as tax cuts all contributed to this period of sustained growth.
Explanation: :D