Using the expenditure approach, total spending by households for durable goods, nondurable goods, and services is a category called:

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The category that includes total spending by households for durable goods, non-durable goods, and services is called personal consumption expenditures (PCE). This is a key component of GDP, as it reflects the level of consumer spending in the economy. Gross private domestic investment (choice A) refers to spending on business equipment, construction, and inventories, while capital consumption allowance (choice B) refers to the depreciation of capital goods over time. Household investment (choice D) is not a recognized category in GDP accounting.

Using the Expenditure Approach, Total Spending by Households for Durable