Refer to the information provided in Table 21.1 below to answer the question(s) that follow. Table 21.1 Durable goods Nonresidential investment Federal purchases of goods Exports State and local purchases of goods Residential investment Services Imports Change in business inventories Nondurable goods $Billions 800 400 300 400 200 50 500 250 -25 700 6) Refer to Table 21.1. Personal consumption expenditures in billions of dollars are A) 1,000. B) 1,300. C) 1,500. D) 2,000.

Refer to the information provided in Table 21.1 below to answer the question(s) that follow. Table 21.1 Durable goods Nonresidential investment Federal purchases of goods Exports State and local purchases of goods Residential investment Services Imports Change in business inventories Nondurable goods $Billions 800 400 300 400 200 50 500 250 -25 700 6) Refer to Table 21.1. Personal consumption expenditures in billions of dollars are A) 1,000. B) 1,300. C) 1,500. D) 2,000.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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