What is the largest expenditure component of gdp


Problem

1. Is GDP a good measure of economic welfare? Why or why not?

2. What are two difficulties in the measurement of aggregate output using GDP?

3. What is the largest expenditure component of GDP?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What is the largest expenditure component of gdp
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