Roughly what fraction of total spending is consumption spending?
A) One-half
B) One-eighth
C) Two-fifths
D) One-quarter
E) Two-thirds.

Question

Quizplus · Accepted Answer

Consumption spending refers to personal spending by households on goods and services. It is typically the largest component of total spending in most economies. According to data from the World Bank, consumption spending accounts for roughly two-thirds of total spending in the world economy.

Roughly What Fraction of Total Spending Is Consumption Spending