Consumption spending refers to spending by individuals and nonprofit organizations on newly produced goods and services except for housing) and is frequently broken down into three categories: noninvestment goods, investment goods, and current consumption.

Question

Quizplus · Accepted Answer

Consumption spending refers to spending by individuals and households on goods and services, excluding purchases of new housing. It is typically not broken down into noninvestment goods, investment goods, and current consumption; rather, it is often categorized into durable goods, nondurable goods, and services.

Consumption Spending Refers to Spending by Individuals and Nonprofit Organizations