Consider a scenario in which nondurable goods spending is $400 million, durable goods spending is $300 million, new residential housing spending is $200 million, and spending on services is $500 million. What does consumption equal?
a. $1,000 million.
b. $1,500 million.
c. $1,200 trillion.
d. $1,300 million.

Question

01-03-2022
Business

Answered

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Consider a scenario in which nondurable goods spending is $400 million, durable goods spending is $300 million, new residential housing spending is $200 million, and spending on services is $500 million. What does consumption equal?
a. $1,000 million.
b. $1,500 million.
c. $1,200 trillion.
d. $1,300 million.

Sagot :

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