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Term Definition Paper 1

Term Definition Paper

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Title: Term Definition Paper

Essay Details:

Subject: Business

Author: Dedra W

Date: July 18, 2016

Level: University

Grade: B

Length: 3 / 681

Essay text:

The components of GDP (Gross Domestic Product) will tell you what the U.S. is good at producing. Over 70% of what the U.S. produces is from personal consumption. The remaining 30%of GDP is business investment (16%) and the government (19%), of which one-third is defense. The largest components of personal consumption includes more than 40% of GDP are services such as real estate (10%) and healthcare (12%). There are three components of non-durable goods food (10%)clothing (2.7%), and fuel (2.4%). Durable goods are the smallest of GDP and they make up8% such as auto (3.6%) and furniture (3%). (About...

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