Personal consumption expenditures is the smallest component of total spending

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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The implication of Say's law is that

A) a barter economy is the most efficient economy. B) increased consumption today leads to increased production tomorrow. C) overproduction in a market economy is not possible. D) Gross Domestic Product is the same whether we use the expenditure approach or the income approach.

Economics

A Finnish corporation builds a factory the produces ceiling fans in the United States. This is an example of Finish

a. foreign direct investment that increases Finnish net capital outflow. b. foreign direct investment that decreases Finnish net capital outflow. c. foreign portfolio investment that increases Finnish net capital outflow. d. foreign portfolio investment that decreases Finnish net capital outflow.

Economics