Table 2.1 GDP and its components,2012
-Assuming that the GDP breakdown shown in Table 2.1 is typical of a given year in the U.S.we can say that ________.
A)we spend twice as much on services as we do on goods consumption
B)consumption of nondurable goods is twice that of durables
C)private investment is the smallest of the main domestic components of GDP
D)all of the above
E)none of the above

Question

Table 2.1 GDP and its components,2012 
-Assuming that the GDP breakdown shown in Table 2.1 is typical of a given year in the U.S.we can say that ________.
A)we spend twice as much on services as we do on goods consumption 
B)consumption of nondurable goods is twice that of durables 
C)private investment is the smallest of the main domestic components of GDP 
D)all of the above 
E)none of the above

Quizplus · Accepted Answer

All of the statements are true based on the data in Table 2.1.

Table 2.1 GDP and Its Components,2012