In the National Spending Approach, Consumption Expenditures Refer To

question 323

Multiple Choice

In the national spending approach, consumption expenditures refer to:

• A) government and private spending on final goods and services.
• B) private spending during all stages of production of goods and services.
• C) private spending on all final goods and services.
• D) private spending on tools, plants, and equipment used for future production.