Which of the following accounts for the largest percentage of spending by households in the United States?
A)durable goods
B)nondurable goods
C)services
D)insurance payments
E)underground activities (e.g., illegal activities)

Question

Quizplus · Accepted Answer

Services account for the largest percentage of spending by households in the United States, including things like healthcare, housing, and transportation. While durable goods (such as cars and appliances) and nondurable goods (such as food and clothing) are also significant expenses, services make up the majority of household spending. Insurance payments and underground activities are not typically considered household expenses.

Which of the Following Accounts for the Largest Percentage of Spending