The Least Volatile Component of Current Consumption Expenditure Is ________,And

question 68

Multiple Choice

The least volatile component of current consumption expenditure is ________,and the changes in its relative importance help explain why the volatility of overall consumption has ________ since the 1950s.

• A)nondurable goods,risen
• B)nondurable goods,fallen
• C)durable goods,stayed the same
• D)durable goods,fallen
• E)services,stayed the same

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Definitions:

Target Cost

The maximum amount that can be spent on a product while still earning the desired profit margin, usually determined during the design and development stages.

Investment

Assigning financial resources with the aim of achieving returns or making a profit.

Desired Return

The target profit or income level that an investor or business aims to achieve on an investment or project.

Target Cost

The estimated price for a product that would allow a company to achieve a desired profit margin while remaining competitive in the market.