Refer to Table 21.6. Personal consumption expenditures in billions of :dollars are Federal purchases of goods Services $Billions 1,400 700 500 100 400 600 300 300 600 700 1,100 O 1,000 O 1,300 O 1,700 Imports Change in business inventories Durable goods Nondurable goods Exports Residential investment State and local purchases Nonresidential investment
Refer to Table 21.6. Personal consumption expenditures in billions of :dollars are Federal purchases of goods Services $Billions 1,400 700 500 100 400 600 300 300 600 700 1,100 O 1,000 O 1,300 O 1,700 Imports Change in business inventories Durable goods Nondurable goods Exports Residential investment State and local purchases Nonresidential investment
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Refer to Table 21.6. Personal consumption expenditures in billions of
:dollars are
Federal purchases of goods
Services
Imports
Change in business inventories
Durable goods
Nondurable goods
Exports
Residential investment
State and local purchases
Nonresidential investment
$Billions
1,400
700
500
100
400
600
300
300
600
700
1,100 O
1,000 O
1,300 O
1,700 O](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8326a33c-e0e5-4f3a-8628-4876db63ce1e%2F1fdffea9-a517-4bf1-aa9e-1ca4e0e17d0d%2Fy147nng_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Refer to Table 21.6. Personal consumption expenditures in billions of
:dollars are
Federal purchases of goods
Services
Imports
Change in business inventories
Durable goods
Nondurable goods
Exports
Residential investment
State and local purchases
Nonresidential investment
$Billions
1,400
700
500
100
400
600
300
300
600
700
1,100 O
1,000 O
1,300 O
1,700 O
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