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The Percentage of Consumer Income Spent on Durable Goods,nondurable Goods

Question 163

Multiple Choice

The percentage of consumer income spent on durable goods,nondurable goods and services have changed between 1955 and 2007 as follows:


A) Percentage spent on services has declined.
B) Percentage spent on durable goods has increased.
C) Percentage spent on nondurable goods and durable goods has decreased.
D) Percent spent on durable goods and services has increaseD.

Correct Answer:

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