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Garage sales booming as recession grinds on The Commerce Department report showed total retail sales across the country fell 0.1% in July, although garage sales
Garage sales booming as recession grinds on The Commerce Department report showed total retail sales across the country fell 0.1% in July, although garage sales springing up across the country are proving popular with buyers. Cathy, an unemployed nurse said that she uses the money she makes from her garage sales to pay bills. Source: Reuters, August 14, 2009 Where do items in the news clip appear in the U.S. National Income and Product Accounts and the circular flow of expenditure and income? Question content area bottom Part 1 A. Expenditure on goods purchased at garage sales does not appear in the U.S. National Income and Product Accounts and does not appear as a flow in the circular flow of expenditure and income. B. Cathy's income from garage sales appears as wage income in the U.S. National Income and Product Accounts but does not appear as a flow in the circular flow of expenditure and income. C. Expenditure on goods purchased at garage sales appears as consumption expenditure in the U.S. National Income and Product Accounts and as the expenditure flow from households through goods markets to firms. D. Cathy's income from garage sales appears as wage income in the
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