The largest expenditure component in the U.S. is investment expenditures.
71) Changes in business inventories are not considered part of gross private domestic investment spending.
72) The purchase of a Boeing airplane by the U.S. government is considered part of government consumption expenditures and gross investment.
73) In recent years, U.S. exports have exceeded U.S. imports.
74) Proprietor's income is not considered part of national income.
75) Once households pay taxes, they have two options with their disposable income: consume or save.
76) When shopping the consumer is interested in absolute prices.
77) A problem with the CPI is the presence of a substitution bias on the behalf of consumers.
78) The core rate of inflation is a measure of the relative price changes that excludes changes in energy and food prices.
79) The producer price index focuses on price changes of domestically produced goods and includes services, construction, and imported goods.
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