Which of the following is NOT a component of consumption?
A)nondurable goods
B)purchase of a new condominium
C)education expenses
D)none of the above

Question

Quizplus · Accepted Answer

Purchase of a new condominium is a form of investment, not consumption. Consumption includes only the purchase of goods and services for current use, such as nondurable goods (food, clothing), durable goods (furniture, appliances), and services (education expenses, healthcare, entertainment).

Which of the Following Is NOT a Component of Consumption