Figure 16.3: Daily Returns to Jim-Bob's Spark Plugs, LLC
-According to one study, consumption expenditure ________ when an individual retires.
A) is unchanged
B) rises about 2 percent
C) falls about 44 percent
D) falls about 17 percent
E) rises about 13 percent

Question

Figure 16.3: Daily Returns to Jim-Bob's Spark Plugs, LLC 
-According to one study, consumption expenditure ________ when an individual retires.
A) is unchanged 
B) rises about 2 percent 
C) falls about 44 percent 
D) falls about 17 percent 
E) rises about 13 percent

Quizplus · Accepted Answer

Consumption expenditure typically falls about 17 percent when an individual retires, reflecting changes in income and possibly in lifestyle or needs.

Figure 163: Daily Returns to Jim-Bob's Spark Plugs, LLC