A breakdown of the four components of GDP shows that
A. residential investment on new houses far exceeds spending by firms on new factories, office buildings, and machinery.
B. purchases made by the federal government far exceed purchases by state and local governments.
C. consumption is by far the largest expenditure category, and that consumer spending on services far exceeds consumer spending on goods.
D. the value of goods and services produced domestically and sold abroad typically far exceeds the value of goods and services produced abroad and sold domestically.

The answer is: C. Consumption is by far the largest expenditure category, and that consumer spending on services far exceeds consumer spending on goods.

Explanation:

In the US Economy, consumption is by far the largest component of the GDP. Also, in the US economy, the most stable and largest component of consumption is services.

Consumption is calculated by adding all the new, finished, legal, durable and non-durable products and services expenditures.

During 2017, the GDP of the USA was $19.52 billion.
Approximately 68.4% of the GDP was Household Consumption.
Out of the total GDP, 80.2% were services.