Consumption expenditures
A)Account for approximately 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 account for approximately two-thirds of total spending in the economy, reflecting the significant role of consumer spending in economic activity.

Consumption Expenditures