Question
What is the approximate annual per capita spending for personal consumption? $_____/person/year, rounded to nearest dollar (Assume a population of 290 million) An organization estimated
What is the approximate annual per capita spending for personal consumption? $_____/person/year, rounded to nearest dollar(Assume a population of 290 million)
An organization estimated that in a particular year the population of a country spent $10.8 trillion in personal consumption.
The major categories of these expenditures are durable goods ($1.6 trillion; for example, cars, furniture, recreational equipment), nondurable goods ($2.7 trillion; for example, food, clothing, fuel), and services ($6.3 trillion; for example, health care, education, transportation).
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