Consumption expenditure includes spending
A)on intermediate goods and services by firms.
B)on office supplies by firms.
C)by households.
D)by households and spending on office supplies by firms.
E)by governments when they are buying goods and services that consumers also buy.

Question

Quizplus · Accepted Answer

Consumption expenditure refers to spending by households on goods and services for their own use, such as food, clothing, housing, and entertainment.

Consumption Expenditure Includes Spending