An organization estimated that in a particular year the population of a country spent $10.5

10.5 trillion in personal consumption. The major categories of these expenditures are durable goods (1.5 trillion; forexample, cars,furniture, recreationalequipment), nondurable goods ($2.9 trillion; forexample, food,clothing, fuel), and services (5.9 trillion; forexample, healthcare, education,transportation).

a. What is the approximate annual per capita spending for personalconsumption? Assume a population of 285 million.

b. What is the approximate daily per capita spending for personalconsumption?

c. On average about what percentage of personal spending is devoted toservices?

d. Spending on health care was estimated to be $1.6 trillion in that year. About what percentage of all personal spending is devoted to healthcare?

e. ten yearsearlier, the total spending on personal consumption was $6.7 trillion, while health care spending was $839 billion. Compare the percentage increase in total spending and health care spending over the decade.