The Following Table Provides Data for an Economy in a Certain

question 29

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:

Production Factory

A facility equipped with machinery and labor force focused on manufacturing goods or processing materials.

Cost Of Goods Manufactured

The total expense incurred to produce goods within a specific period, including labor, material, and overhead costs.

Manufacturing Overhead

All the indirect costs associated with the production process, including facility maintenance, utilities, and salaries of non-direct labor.

Administrative Expenses

Costs related to the general operation of a business, including salaries of non-production staff, office supplies, and legal fees.