An organization estimated that in a particular year the population of a country spent ​$10.8 trillion in personal consumption. The major categories of these expenditures are durable goods ​($1.0 ​trillion; for​ example, cars,​ furniture, recreational​ equipment), nondurable goods ​($2.7 ​trillion; for​ example, food,​ clothing, fuel), and services ​($6.9 ​trillion; for​ example, health​ care, education,​ transportation). Complete parts​ (a) through​ (e) below.


Question content area bottom Part 1 a. What is the approximate annual per capita spending for personal​ consumption? Assume a population of 290 million

Q&A Education