Which of the following accounts for the largest percentage of spending by households in the United ...

Which of the following accounts for the largest percentage of spending by households in the United States?
a. durable goods
b. nondurable goods
c. services
d. insurance payments
e. underground activities (e.g., illegal activities)

QUESTION 2

Which of the following is the category to which the largest portion of households' personal income is allocated?
a. taxes collected by government
b. savings
c. purchases of services
d. purchases of durable goods
e. purchases of nondurable goods

QUESTION 3

Which component of U.S. household spending has grown the most over the past ten years?
a. taxes
b. savings
c. spending on services
d. spending on nondurable goods
e. spending on durable goods

QUESTION 4

Which of the following is an example of a durable good?
a. a cowboy
b. a cherry pie
c. a newspaper
d. a hand-held calculator
e. a pencil

QUESTION 5

Which of the following is an example of a durable good?
a. food prepared at home
b. food eaten at a restaurant
c. high-fashion clothing
d. binoculars
e. motor oil

QUESTION 6

Household income is spent on all of the following except one. Which is the exception?
a. services
b. tax payments
c. durable goods
d. nondurable goods
e. dividends

QUESTION 7

The fastest-growing component of U.S. personal consumption is services.
a. True
b. False

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Which of the following accounts for the largest percentage of spending by households in the United ...

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