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natka813 [3]
3 years ago
5

Suppose that nondurable goods spending is $200 billion, durable goods spending is $400 billion, new residential housing spending

is $500 billion, and spending on services is $700 billion. What does consumption equal
Business
1 answer:
umka21 [38]3 years ago
6 0

Answer:

$1,300 billion

Explanation:

total private consumption = nondurable goods spending + durable goods spending + spending on services = $200 billion + $400 billion + $700 billion = $1,300 billion

New residential housing spending ($500 billion) are considered residential investments, not part of private consumption.

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Answer:

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Explanation:

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If the inflation rate decreased from 3.33% to 2.90% between October and November, while the nominal interest rate increased from
Rudiy27

Answer:

1.90%

Explanation:

There is the accordance or connection between nominal and real interest rates. It is basically possible to convert from nominal interest rates to real interest rates. According to the Fisher, there is a equation that's called the Fisher Equation:

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On our example,

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