The Component of GDP Called Consumption Consists of

question 40

Multiple Choice

The component of GDP called consumption consists of

• A)household spending on durable goods, but not household spending on nondurable goods or on services.
• B)household spending on durable and nondurable goods, but not household spending on services.
• C)household spending on durable and nondurable goods as well as household spending on services.
• D)spending by households and business firms on durable and nondurable goods as well as spending by households and business firms on services.