Which of the following statements about the consumption component of GDP is not correct?
A. Since 1960 the consumption component of GDP has generally increased as a fraction of GDP
B. Spending on services is smaller than the amount of consumption spending on durable and nondurable goods.
C. The consumption component of GDP in the US is greater than all three of the other components government investment, and net exports combined.
D. Consumption as a fraction of total GDP in the US is larger compared to all other high income nations in the world.
