Thank you for visiting Consumption spending is 3 92 trillion spending on nondurable goods is 1 215 trillion and spending on services is 2 041 trillion What does spending. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
Spending on durable goods equals $0.664 trillion.
Consumption spending is $3.92 trillion, spending on nondurable goods is $1.215 trillion, and spending on services is $2.041 trillion.
The question is to determine the value of spending on durable goods.It is necessary to use the equation below:Consumption spending = Spending on nondurable goods + Spending on durable goods + Spending on services
Since we know the values for consumption spending, spending on nondurable goods, and spending on services, we can substitute and solve for the spending on durable goods:$3.92 trillion = $1.215 trillion + Spending on durable goods + $2.041 trillion$3.92 trillion = $3.256 trillion + Spending on durable goods
Spending on durable goods = $3.92 trillion - $3.256 trillion= $0.664 trillion
Therefore, spending on durable goods equals $0.664 trillion.
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