Consumption is the total value of all goods that a household consumes in a given period.

Name: Consumption is the total value of all goods that a household consumes in a given period.
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Quizplus · Accepted Answer

Consumption refers to the use of goods and services by households, not just the total value of goods consumed. It includes both the purchase of goods and services and the use of those goods and services over time.

Consumption Is the Total Value of All Goods That a Household