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label Economics
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What are the major components of the USA GDP? Explain the contribution of each component to the GDP with data.

Aug 19th, 2015

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USA GDP has four major components  which include :

1)Expenditure- Consumers will spend money on goods and services and this in turn will earn revenue to the US government through taxation.

2) Investment - The governments invest its money on coming up with new projects that will eventually earn profit to the country.

3)Export of goods and services - Export of goods and services to other countries earns revenue to the US government

4) Government expenditure - Government spending on aiding the poor and spending on projects can bring debts hence frustrating the economy.

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Aug 19th, 2015

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