Thank you for visiting Consumption spending is 3 71 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 :
The spending on durable goods equals $0.454 trillion. option B
To find the spending on durable goods, we need to subtract the spending on nondurable goods and services from the total consumption spending.
Total consumption spending = Spending on nondurable goods + Spending on services + Spending on durable goods
Given:
Consumption spending = $3.71 trillion
Spending on nondurable goods = $1.215 trillion
Spending on services = $2.041 trillion
Substituting the given values into the equation, we can calculate the spending on durable goods:
$3.71 trillion = $1.215 trillion + $2.041 trillion + Spending on durable goods
Rearranging the equation, we have:
Spending on durable goods = $3.71 trillion - $1.215 trillion - $2.041 trillion
Simplifying the expression:
Spending on durable goods = $0.454 trillion
Therefore, the spending on durable goods equals $0.454 trillion.
The correct answer is B) $0.45 trillion.
For more such questions on durable goods visit:
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