Which types of purchases have decline as a share of spending in the U.S.?
A) home purchases
B) food and clothing
C) medical care
D) holiday shopping
E) none of the above

Question

Quizplus · Accepted Answer

Food and clothing have seen a relative decline as a share of spending in the U.S. This is due to a variety of factors including increased efficiency in production, lower costs, and a shift in consumer spending towards services and experiences over goods.

Which Types of Purchases Have Decline as a Share of Spending