Solved

Refer to the Following Table When Answering
Table

Question 71

Multiple Choice

Refer to the following table when answering
Table 2.1: U.S. 2011-2012 Expenditures ($ billions)
20112012 Personal consumption expenditures 10,72911,120 Goods 3,6253,783 Services 7,1047,337 Gross private domestic investment 1,8552,062 Fixed investment 1,8182,004 Change in private inventories 3758 Net exports of goods and services 568560 Exports 2,0942,184 Imports 2,6622,744 Government expenditures 3,0603,063 Federal 1,2221,214 State and local 1,8381,849\begin{array} { l | c c } \hline & 2011 & 2012 \\\hline \text { Personal consumption expenditures } & 10,729 & 11,120 \\\text { Goods } & 3,625 & 3,783 \\\text { Services } & 7,104 & 7,337 \\\text { Gross private domestic investment } & 1,855 & 2,062 \\\text { Fixed investment } & 1,818 & 2,004 \\\text { Change in private inventories } & 37 & 58 \\\text { Net exports of goods and services } & - 568 & - 560 \\\text { Exports } & 2,094 & 2,184 \\\text { Imports } & 2,662 & 2,744 \\\text { Government expenditures } & 3,060 & 3,063 \\\text { Federal } & 1,222 & 1,214 \\\text { State and local } & 1,838 & 1,849 \\\hline\end{array}
-Consider Table 2.1, which tabulates GDP for 2011-2012. Household consumption as a share of GDP ________ and investment's share ________ over 2011-2012.


A) decreased; increased
B) increased; increased
C) decreased; stayed the same
D) increased; decreased
E) stayed the same; stayed the same

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions