Consumption spending is:
A) spending by households,businesses,and government on all goods used up within one year.
B) spending by individuals and households on only nondurable goods,since they are used up quickly.
C) spending on goods and services by heads of households.
D) spending by individuals and households on both durable and nondurable goods.

Question

Quizplus · Accepted Answer

Consumption spending refers to spending by individuals and households on consumer goods and services. This includes both durable and nondurable goods, as well as services. Therefore, choice D is the best answer.

Consumption Spending Is