Question

consumption spending is $3.708 trillion, spending on nondurable good is $1.215 trillion and spending on services is $2.041 trillion. What does spending on durable goods equal?

Answer 1

Answer:

Spending on durable goods = $452 trillion

Explanation:

This is a quite straightforward question, consumption can be defined as follows:

Consumption = Spending on Non-durable goods + Spending on durable goods + Spending on services. Therefore:

Spending on durable goods = $3.708 - $1.215 - $2.041

Spending on durable goods = $452 trillion