In national income accounting, the personal consumption expenditures category includes purchases of

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Personal consumption expenditures include spending on goods and services by resident households and nonprofit institutions serving households. This category includes automobiles for personal use but excludes housing purchases, as buying a house is considered an investment rather than consumption. Consumer goods, both durable and nondurable, as well as services, are included in personal consumption expenditures.

In National Income Accounting, the Personal Consumption Expenditures Category Includes