Beautification of the national highways through the planting of shrubs and wildflowers will
A) be profitable for a private landscaping company because they can charge passing drivers.
B) benefit even people who do not help pay.
C) provide a flow of services that are rival in consumption.
D) provide a flow of services that involve excludable consumption.
B
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According to the BEA, in the second quarter of 2012 purchases of new residential structures rose by 8.9 percent. Using the expenditure approach, this change increases
A) gross private domestic investment. B) government expenditure on goods and services. C) net exports of goods and services. D) personal consumption expenditures.
Historically, consumption spending in the United States has _____
a. fluctuated greatly with changes in the level of income b. remained approximately constant as a percentage of income c. decreased as a percentage of income d. varied inversely with the inflation rate e. varied inversely with the interest rate