The components of consumption expenditures include all of the following except
A) nondurable goods consumption.
B) durable goods consumption.
C) government consumption.
D) services.

Question

Quizplus · Accepted Answer

The components of consumption expenditures are the purchases of goods and services by households. They include nondurable goods consumption (such as food and clothing), durable goods consumption (such as cars and appliances), and services (such as healthcare and education). However, government consumption (such as government purchases of goods and services) is not considered a component of household consumption expenditures.

The Components of Consumption Expenditures Include All of the Following