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What is the largest component of GDP?

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Question added by Samer Khatib , Economics Moderator , Bayt.com
Date Posted: 2016/11/23
Mohammad Foysal Ahamed Foysal
by Mohammad Foysal Ahamed Foysal , account manager , ECO BATTERIES LIMITED

The gross domestic product (GDP) is one of the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period; Here the largest component of GDP is the finished goods product which are able to sale internally and externally. 

 

Ashraf E. Mahmoud (PhD)
by Ashraf E. Mahmoud (PhD) , University Lecturer, Freelancer Consultant and Trainer for Int'l Business & Banking TF. , FreeLancer

The Largest component of GDP, is the "Total Consumption".

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