In the national income accounts, the purchases of durables, nondurables, and services by households are classified as:
A)consumption.
B)investment.
C)government purchases.
D)net exports.

Name: In the national income accounts, the purchases of durables, nondurables, and services by households are classified as: A)consumption. B)investment. C)government purchases. D)net exports.
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Question

Quizplus · Accepted Answer

Consumption is the purchase of goods and services by households for their own use.

In the National Income Accounts, the Purchases of Durables, Nondurables