Using the expenditure approach,consumption expenditures include:
A)household purchases of durable and nondurable goods and services.
B)household purchases of durable and nondurable goods.
C)household purchases of durable and nondurable goods and taxes.
D)household purchases of durable and nondurable goods and residences.
E)household purchases of nondurable goods.

Question

Quizplus · Accepted Answer

Consumption expenditures include household purchases of both durable and nondurable goods and services. This includes items such as clothing, food, and healthcare services. Taxes and residences are not included in consumption expenditures under the expenditure approach.

Using the Expenditure Approach,consumption Expenditures Include