As a component of GDP, consumption expenditures refers to purchases by consumers of currently produced goods and services.

Name: As a component of GDP, consumption expenditures refers to purchases by consumers of currently produced goods and services.
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

Consumption expenditures are a component of GDP and refer to purchases made by consumers of currently produced goods and services. This includes items like food, clothing, and entertainment, as well as services like healthcare and education.

As a Component of GDP, Consumption Expenditures Refers to Purchases