In the national income accounts, consumption expenditures include all of the following except household purchases of:
A) durable goods.
B) nondurable goods.
C) new residential housing.
D) services.

Question

Quizplus · Accepted Answer

Consumption expenditures include purchases of durable goods, nondurable goods, and services. However, new residential housing is categorized as investment rather than consumption, as it is considered a long-term asset that generates a flow of services over time.

In the National Income Accounts, Consumption Expenditures Include All of the Following