The German economy allocates 50% of its output toward consumption. Government expenses take another 22%. Investment takes 23%. Exports are 47% and imports are 42% of GDP. What is the best description of how Germany distributes its economic output? (Refer to page 108 book for the US figures and our lecture notes from 10/11 for the China figures). In your written work, explain why other options are incorrect. O German private consumption is weaker than the US and is closer to that of China's. As such, Germany's economy has to be driven either by investment or exports. German private consumption is lower but its public consumption is higher than in the US due to a bigger government. While Germany's investment is higher than that of the US, it is a consumption-driven economy. Germany is integrated into the world economy more strongly than the US and to about the same extent as China. O German economy prioritizes its present over its future, compared to the US economy