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Answer to Practice #3
Construct a table using the information given in the paragraph.
The Survey of Current Business reported in January of 1995 the following information about the composition of personal consumption expenditures for 1994. Durable goods, such as furniture and automotive supplies took up about thirteen percent or an amount of 591 billion dollars worth of the total consumption. Comprising thirty percent of the consumption, at 1394 billion dollars, were items such as food, clothes, and fuel, that are categorized as nondurable goods. The largest type of consumption is by services, such as housing, health care, and transportation, which cost 2642 billion dollars, making up fifty-seven percent of the total consumption in 1994.
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(in billions of dollars) |
Total |
| Durable Goods (furniture, automotive) | $591 | 13 |
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Nondurable Goods (food, clothes, fuel) |
$1394 | 30 |
| Services (housing, health care, transportation) | $2642 | 57 |
If you did this practice correctly, move on to the next unit. If you had any problems constructing the table, you should read through the detailed solutions. Click on the appropriate button below. You may also wish to try the additional practice for this unit.
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