The Distinction Between Consumption and Consumption Expenditures, Although Subtle, Becomes

question 10

Multiple Choice

The distinction between consumption and consumption expenditures, although subtle, becomes important in the case of

• A) services, since they are rapidly becoming a much larger portion of consumption.
• B) nondurables, since they are becoming a much larger portion of consumption.
• C) durables, since they are purchased erratically but consumed more or less continuously over time.
• D) both a and b.
• E) a, b, and c.