What is the largest component of consumption expenditures?
A)nondurables
B)durables
C)residential structures
D)services

Question

Quizplus · Accepted Answer

Services are the largest component of consumption expenditures, accounting for approximately two-thirds of total consumer spending. This includes everything from healthcare and education to transportation and entertainment. Durables (such as cars and appliances) and nondurables (such as food and clothing) make up the remaining one-third of consumer spending, and residential structures (such as houses and apartments) are considered investments rather than consumption expenditures.

What Is the Largest Component of Consumption Expenditures