Consumption Expenditures can be broken down into three categories:

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Consumption expenditures are typically broken down into three categories: durable goods, nondurable goods, and services. Durable goods are products that are expected to last more than three years, such as cars and appliances. Nondurable goods are products that usually last less than three years or do not have a physical form, such as groceries and gasoline. Services are activities provided by people, such as haircuts and medical care.

Consumption Expenditures Can Be Broken Down into Three Categories