Answer:
Percentage of Personal consumption expenditures is 70.07%
Explanation:
The most common way to measure the national income account is gross domestic product (GDP)
GDP = C + I + G + (X – M) or
GDP = private consumption + gross investment + government investment + government spending + (exports – imports).
government purchases ($1,050) is government spending
personal consumption expenditures ($4,800) is private consumption
imports ($370)
exports ($240)
gross private domestic investment ($1,130) is gross investment
GDP = $1,050 +$4,800+$1,130+$240-$370=6.850
Personal consumption expenditures proportion is $4,800/6.850=0,7007
in %= 70.07%
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The correct answer would be 81
That statement is True
Frauds are gonna exist, no matter what country you're in
No matter how many frauds are there that exist around, if you're smart enough to recognize it , you won't fall into the fraud
Otherwise, no matter how hard the Governments' work to reducing the amount of frauds around you, if you're unaware and gullible, there's a pretty high chance you're gonna fall to one