The consumption category includes:
A) all purchases made by consumers.
B) all purchases of goods and services made by consumers.
C) all purchases of final goods and services made by consumers.
D) all purchases of final goods and services made by consumers except new houses.
E) all purchases of final goods and services made by consumers except new houses and new cars.

Question

Quizplus · Accepted Answer

Consumption in economic terms includes all purchases of final goods and services made by consumers, except for new houses, which are considered an investment.

The Consumption Category Includes