The consumption component of GDP includes spending on
A)durable goods and nondurable goods,but not spending on services.
B)durable goods and services,but not spending on nondurable goods.
C)nondurable goods and services,but not spending on durable goods.
D)durable goods,nondurable goods,and services.

Question

Quizplus · Accepted Answer

The consumption component of GDP includes spending on all three categories of goods and services - durable goods, nondurable goods, and services. Therefore, the correct choice is D, which includes all three categories of goods in the list.

The Consumption Component of GDP Includes Spending on