The Following Table Provides Data for an Economy in a Certain

question 84

Multiple Choice

The following table provides data for an economy in a certain year. $$\begin{array} { l l } \text { Consumption expenditures } & 50 \\\text { Imports } & 40 \\\text { Government purchases of goods and services } & 20 \\\text { Construction of new homes and apartments } & 30 \\\text { Sales of existing homes and apartments } & 40 \\\text { Exports } & 50 \\\text { Government payments to retirees } & 10 \\\text { Household purchases of durable goods } & 20 \\\text { Beginning-of-year inventory } & 10 \\\text { End-of-year inventory } & 20 \\\text { Business fixed investment } & 30\end{array}$$ Given the data in the table, how much did households spend on nondurables and services?

• A) 20
• B) 30
• C) 50
• D) 70

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Definitions:

Phobia

An irrational and excessive fear of an object, place, situation, feeling or animal that poses little to no actual danger.

Interferes

To come or place oneself between, often to obstruct or hinder progress or activity.

Harmless Object

An item that is not likely to cause injury or damage.

Theoretical Problem

An issue or question that arises within the context of a theoretical framework, often requiring conceptual analysis or abstraction.