Which of the following would be considered a personal consumption expenditure?

Question

Quizplus · Accepted Answer

Personal consumption expenditures refer to purchases made by households for personal use or enjoyment, such as a new lawn mower for their own yard.

Answer: C 
 Purchasing an old home for personal use or enjoyment is considered a personal consumption expenditure.

Answers B and D are incorrect because they refer to purchases made by a firm and the government, respectively, and are not considered personal consumption expenditures.

Which of the Following Would Be Considered a Personal Consumption