The largest component of household consumption spending is expenditures on:

Question

Quizplus · Accepted Answer

According to the Bureau of Labor Statistics, in the United States the largest component of household consumption spending is on services, which includes items like rent, healthcare, and entertainment. This accounts for approximately 42% of total spending, whereas nondurable goods (like food and clothing) account for around 27%, and durable goods (like cars and appliances) account for around 12%.

The Largest Component of Household Consumption Spending Is Expenditures On