Which of the Following Accounts for the Largest Percentage of Spending

question 174

Multiple Choice

Which of the following accounts for the largest percentage of spending by households in the United States?

• A)durable goods
• B)nondurable goods
• C)services
• D)insurance payments
• E)underground activities (e.g., illegal activities)

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Definitions:

Administrative Law

A branch of public law that governs the activities of administrative agencies of government, including rulemaking, adjudication, or the enforcement of a specific regulatory agenda.

Case Law

Legal principles developed through decisions in court cases rather than statutes.

Fifth Amendment

An amendment to the U.S. Constitution that provides protections including the right against self-incrimination and double jeopardy.

Self-Incrimination

The act of giving testimony that implicates oneself in criminal wrongdoing. The Fifth Amendment to the Constitution states that no person “shall be compelled in any criminal case to be a witness against himself.”