Refer to the Following Table When Answering
Table

question 71

Multiple Choice

Refer to the following table when answering
Table 2.1: U.S. 2011-2012 Expenditures ($ billions)
$$\begin{array} { l | c c } \hline & 2011 & 2012 \\\hline \text { Personal consumption expenditures } & 10,729 & 11,120 \\\text { Goods } & 3,625 & 3,783 \\\text { Services } & 7,104 & 7,337 \\\text { Gross private domestic investment } & 1,855 & 2,062 \\\text { Fixed investment } & 1,818 & 2,004 \\\text { Change in private inventories } & 37 & 58 \\\text { Net exports of goods and services } & - 568 & - 560 \\\text { Exports } & 2,094 & 2,184 \\\text { Imports } & 2,662 & 2,744 \\\text { Government expenditures } & 3,060 & 3,063 \\\text { Federal } & 1,222 & 1,214 \\\text { State and local } & 1,838 & 1,849 \\\hline\end{array}$$
-Consider Table 2.1, which tabulates GDP for 2011-2012. Household consumption as a share of GDP ________ and investment's share ________ over 2011-2012.

• A) decreased; increased
• B) increased; increased
• C) decreased; stayed the same
• D) increased; decreased
• E) stayed the same; stayed the same

Comprehend the strategic considerations in product positioning to reduce cannibalization among a company's own products.

Grasp the implications of product complements and substitutes on pricing and marketing strategies.

Appreciate the role of marginal revenue (MR) and marginal cost (MC) in pricing decisions.

Understand the strategic decisions behind acquisitions, particularly in contexts involving substitutes and complementary goods.

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Definitions:

Sea Level

The average height of the ocean's surface between the high and low tide, used as a standard in reckoning land elevation or sea depths.

Ice Block

A large piece of ice, typically extracted from an ice field or frozen body of water.

Water Level

The height of the water surface in a given body of water, such as a river, lake, or ocean, which can vary due to various factors including precipitation and human intervention.

Tank

A large container or receptacle for storing liquids or gases, often used for water, fuel, or chemicals.