Which component of U.S.household spending has grown the most over the past ten years?
C)spending on services
D)spending on nondurable goods
E)spending on durable goods
Which of the following is an example of a durable good?
B)a cherry pie
D)a hand-held calculator
Which of the following is the category to which the largest portion of households' personal income is allocated?
A)taxes collected by government
C)purchases of services
D)purchases of durable goods
E)purchases of nondurable goods
Which of the following accounts for the largest percentage of spending by households in the United States?
E)underground activities (e.g., illegal activities)