personal consumption is the largest component of national income in the united states.
personal consumption is the largest component of national income in the united states.
the largest component of national income in the united states is?
personal consumption
the personal consumption expenditures price index, also referred to as simply the pce price index, is used as one measure of the value of money. it is a united states-wide indicator of the average increase in prices for all domestic personal consumption. using a variety of data including united states consumer price index and u.s. producer price index prices, it is derived from the largest component of the gross domestic product in the bea's national income and product accounts, personal consumption expenditures.
federal reserve
as of 2010, malaysia’s palm oil industry is the fourth largest component of the national economy and accounts for rm53 billion of gross national income. the industry covers the value chain from plantations to processing. the development of this industry is mainly private and remains heavily oriented towards plantations. with limited land available to continue the expansion of plantations, the government desires to increase efficiency in production and focus on providing great value through downstream activities. the palm oil nkea is designed to increase total contributions to national income from the palm oil industry by rm125 billion to reach rm178 billion by 2020. the government hopes that 41,000 new jobs will be created in this sector.
economic transformation programme