The Following Are National Income Account Data for a Hypothetical

Multiple Choice

The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($1,050) , personal consumption expenditures ($4,800) , imports ($370) , exports ($240) , and gross private domestic investment ($1,130) .Personal consumption expenditures are approximately what percentage of this economy?

A) 60 percent
B) 65 percent
C) 70 percent
D) 75 percent