The Following Are National Income Account Data for a Hypothetical

question 42

Multiple Choice

The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($1,050) ; personal consumption expenditures ($4,800) ; imports ($370) ; exports ($240) ; gross private domestic investment ($1,130) . Personal consumption expenditures are approximately what percentage of this economy?

• A) 60 percent
• B) 65 percent
• C) 70 percent
• D) 75 percent

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Definitions:

Alzheimer's Disease

A progressive neurological disorder that leads to memory loss, cognitive decline, and eventually the inability to carry out simple tasks.

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