Question

How does the combined spending on both types of consumer goods compare to the spending on services?

The combined spending on both types of consumer goods is ____________ than the total spending on services.

a. more
b. less

Answer 1

The combined spending on both types of consumer goods is less than the total spending on services. Option B is correct.

Step-by-step explanation:

The combined spending on both types of consumer goods is less than the total spending on services.

Consumer goods include durable goods and nondurable goods, such as automobiles and groceries. Services, on the other hand, are intangible activities performed by individuals or businesses for others, such as healthcare and education.

Based on the information provided, there was an 18% increase in spending on consumer goods in the United States, but total food spending declined during the specified time period. This suggests that spending on services may have been higher than on consumer goods.