Consumption spending is
A) spending by households, businesses, and governments on all goods consumed within one year.
B) spending by individuals and households on only nondurable goods, since they are consumed quickly.
C) spending on goods and services by heads of households.
D) spending by individuals and households on both durable and nondurable goods.

Question

Quizplus · Accepted Answer

Consumption spending refers to spending by individuals and households on goods and services, which includes both durable and nondurable goods. Therefore, option D is the correct choice.

Consumption Spending Is