A laptop computer purchased by a private individual for personal use is considered to be:
A) consumption spending.
B) investment spending.
C) private saving.
D) a transfer of income.

Question

Quizplus · Accepted Answer

A laptop purchased by a private individual for personal use is considered consumption spending because it is an expenditure on goods and services for direct use or benefit by the individual, rather than for business purposes or investment.

A Laptop Computer Purchased by a Private Individual for Personal