One In the News article titled "News Release: Personal Income and Outlays" says,"Personal consumption expenditure (PCE)increased 95 billion,or 1.0 percent." An increase in spending is likely the result of
A)An increase in saving.
B)An increase in income.
C)An increase in taxes.
D)A decrease in economic growth.

Question

Quizplus · Accepted Answer

An increase in personal consumption expenditure is most likely due to an increase in income, as people have more money to spend.

One in the News Article Titled "News Release: Personal Income