Consumption spending includes spending on durable goods, nondurable goods, and services.

Name: Consumption spending includes spending on durable goods, nondurable goods, and services.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Consumption spending encompasses expenditures on all types of goods and services, including durable goods (items expected to last more than three years), nondurable goods (items with a shorter life expectancy), and services (intangible products like healthcare, education, and entertainment).

Consumption Spending Includes Spending on Durable Goods, Nondurable Goods, and Services