Consumption expenditures
A)Account for over two-thirds of total spending.
B)Include purchases of new and used goods by consumers.
C)Are equal to disposable personal income plus personal saving.
D)Are equal to consumer spending plus transfer payments.

Question

Quizplus · Accepted Answer

Consumption expenditures, which are a major component of GDP, indeed account for over two-thirds of total spending in many economies, reflecting the aggregate spending by households on goods and services.

Consumption Expenditures