What accounts for almost one third of the United States' GNP, while in most European countries, it accounts for about 50 percent of the nation's GNP?

What accounts for almost one third of the United States' GNP, while in most European countries, it accounts for about 50 percent of the nation's GNP?

a) Consumption

b)Government Spending c)Investments

d) Imports

Consumption or Personal Consumption Expenditure

Explanation:

Personal consumption expenditure is a term that describes the level or measurements of national consumer spending on goods and services of a country. These consumer goods are durable goods such as cars, washing machines etc, while non durable consumer goods are excluded but referred to as household investment.

Personal consumer expenditure is one of the most essential part or indicator in measuring the GNP and GDP of a country, and according to recent statistics, it accounted for one-third of USA GNP, while it accounted for 50% of most European countries such as Germany, UK, France etc.

can you explain it better

answer; group behavior;