Consumption Spending Comprises What Percentage of Total Spending

question 29

Multiple Choice

Consumption spending comprises what percentage of total spending?

• A)0.7 percent
• B)7 percent
• C)70 percent
• D)700 percent

---

Definitions:

Sales Returns and Allowances

A reduction in sales revenue due to the return of or allowances for unsatisfactory goods.

Revenue Account

An account that tracks the income a company generates from its business activities, excluding expenses.

Asset

A valuable economic entity held or overseen by an individual, business, or state, expected to bring about future advantage.