Answered

Connect with a global community of experts on IDNLearn.com. Ask anything and receive prompt, well-informed answers from our community of experienced experts.

Refer to Table 6.2.

\begin{tabular}{lr}
\hline
& \$Billions \\
\hline
Federal purchases of goods & 400 \\
Services & 200 \\
Imports & 200 \\
Change in business inventories & 20 \\
Durable goods & 300 \\
Nondurable goods & 400 \\
Exports & 100 \\
Residential investment & 400 \\
State and local purchases & 300 \\
Nonresidential investment & 600 \\
\hline
\end{tabular}

Refer to Table 6.2. Personal consumption expenditures in billions of dollars are

A. 1,400

B. 1,100

C. 900

D. 1,600

Sagot :

GinnyAnsweridn
To find the total personal consumption expenditures, we need to sum all the provided components from the table and the listed personal consumption expenditures. Let's go through the components step-by-step:

1. Federal purchases of goods: 400 billion dollars.
2. Services: 200 billion dollars.
3. Imports: 200 billion dollars.
4. Change in business inventories: 20 billion dollars.
5. Durable goods: 300 billion dollars.
6. Nondurable goods: 400 billion dollars.
7. Exports: 100 billion dollars.
8. Residential investment: 400 billion dollars.
9. State and local purchases: 300 billion dollars.
10. Nonresidential investment: 600 billion dollars.

Now, add all these components:

[tex]\[ 400 + 200 + 200 + 20 + 300 + 400 + 100 + 400 + 300 + 600 \][/tex]

This summation results in:

[tex]\[ 2920 \][/tex]

Thus, the total personal consumption expenditures, considering the given data, amount to 2920 billion dollars.
Thank you for participating in our discussion. We value every contribution. Keep sharing knowledge and helping others find the answers they need. Let's create a dynamic and informative learning environment together. IDNLearn.com is committed to providing the best answers. Thank you for visiting, and see you next time for more solutions.