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Describe the various components of the U.S. Economy.

Describe the various components of the U.S. Economy.

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Answer #1

Various components of the US economy are-

Domestic consumption-Expenditure on final goods made by US household.The value of consumption is the highest in GDP.

Private investment-Investment made by private firms.

Government spending-Expenditure of the US government.

Net exports-Difference between exports and imports.

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