Refer to the Information Provided in Table 6

question 102

Multiple Choice

Refer to the information provided in Table 6.5 below to answer the questions that follow.
Table 6.5
-Refer to Table 6.5. Personal consumption expenditures in billions of dollars are

• A) 1,400.
• B) 1,500.
• C) 1,700.
• D) 2,300.

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Definitions:

George Bush

Refers to either George H.W. Bush, the 41st President of the United States (1989-1993), or his son George W. Bush, the 43rd President of the United States (2001-2009), each having made lasting impacts on American and international politics.

Crowding-in

An economic phenomenon where increased government spending leads to higher private sector investment.

Crowding-out

A situation where increased public sector spending reduces the amount of available funds for private sector investments.

National Debt

The total amount of money that a country's government has borrowed, typically as a result of deficit spending, and yet to repay.