Answered: Among the components of personal…

Among the components of personal consumption expenditures (C) the spending of durable goods that last 3 years or more is the greatest in the U.S. households. 1) True 2) False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

### Statement for Evaluation

Among the components of personal consumption expenditures (C), the spending on durable goods that last 3 years or more is the greatest in U.S. households.

### Options

- 1) True
- 2) False

(Note: There are no graphs or diagrams accompanying this text.)

Expert Solution

Step 1

The term personal consumption income (PCEs) alludes to a proportion of credited family consumptions characterized for a while. Individual pay, PCEs, and the PCE Price Index perusing are delivered month to month in the Bureau of Economic Analysis (BEA) Personal Income and Outlays report

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