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1 September, 00:33

consumption spending is $3.708 trillion, spending on nondurable good is $1.215 trillion and spending on services is $2.041 trillion. What does spending on durable goods equal?

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  1. 1 September, 00:41
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    Spending on durable goods = $452 trillion

    Explanation:

    This is a quite straightforward question, consumption can be defined as follows:

    Consumption = Spending on Non-durable goods + Spending on durable goods + Spending on services. Therefore:

    Spending on durable goods = $3.708 - $1.215 - $2.041

    Spending on durable goods = $452 trillion
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