The following table provides data for an economy in a certain year.Consumption expenditures50Imports40Government purchases of goods and services20Construction of new homes and apartments30Sales of existing homes and apartments40Exports50Government payments to retirees10Household purchases of durable goods20Beginning-of-year inventory10End-of-year inventory20Business fixed investment30Given the data in the table, how much did households spend on nondurables and services?
A. 70
B. 30
C. 20
D. 50
Answer: B
You might also like to view...
The purchase of the assets of one steelmaker by another steelmaker might be a violation of the
a. Clayton Act b. Federal Trade Commission Act c. Wheeler-Lea Act d. Celler-Kefauver Anti-Merger Act e. Robinson-Patman Act
Economists do not include money as an economic resource because:
a. of its difficulty in valuating due to many world currencies b. the value of money is constantly fluctuating c. currency and coins are easily lost or destroyed d. money produces nothing
Over the last half-century, which of the following countries has had the highest growth rate of output per capita?
A) Japan B) France C) United Kingdom D) United States
In 2015, Head Start enrolled approximately
A. 945,000 children. B. 205,000 children. C. 2.5 million children. D. 105,000 children.