Categories of U.S.consumer Spending,ranked from Largest to Smallest,are

question 47

Multiple Choice

Categories of U.S.consumer spending,ranked from largest to smallest,are

• A)food and beverages, housing, transportation, and medical care.
• B)medical care, housing, food and beverages, and transportation.
• C)housing, food and beverages, transportation, and medical care.
• D)housing, transportation, food and beverages, and medical care.

---

Definitions:

Consumer Price Index

A metric that assesses the weighted average cost of a collection of consumer goods and services, serving as a gauge for inflation levels.

Producer Price Index

A measure of the average changes in prices received by domestic producers for their output.

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar GDP to adjust for inflation.

Gini Coefficient

The Gini coefficient is a measure of income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality), used to assess wealth distribution.