Consumption expenditures do not include household purchases of
A)medical care.
B)education.
C)new houses.
D)durable goods.

Question

Quizplus · Accepted Answer

Consumption expenditures refer to the purchases made by households for goods and services. While medical care, education, and durable goods are all included in consumption expenditures, new houses are not. New houses are considered an investment expenditure, as they are expected to appreciate in value over time.

Consumption Expenditures Do Not Include Household Purchases of