Answer to Question #240913 in Macroeconomics for Zoobs

Question

Consumption by South African households decreased in the first quarter of 2020. 

Answer 1

Solution:

The statement is wrong.

Consumption by South African households increased by 0.7% in the first quarter, contributing 0.4% to the total growth.

The main positive contributors to household consumption growth were expenditures on food, non-alcoholic beverages, household equipment, furnishings, maintenance, housing, and utilities.