What are the components of private consumption expenditures?

Question

Quizplus · Accepted Answer

Private consumption expenditures refer to the spending by households on final goods and services. The components of private consumption expenditures are services (such as healthcare, education, and hotel stays), durable goods (such as cars, appliances, and furniture), and nondurable goods (such as food, clothing, and gasoline). Choice B includes all of these components, while the other choices either leave out one or more components (such as Choice C which only includes services and nondurable goods) or include goods that are not typically part of private consumption expenditures (such as Choice D's "used goods").

What Are the Components of Private Consumption Expenditures