Answer to Question #276503 in Macroeconomics for Moses

Question

1.     In national income accounting, consumption expenditure includes the purchase of:

               

A.   both new and used consumer goods.

B.    cars and new houses.

C.    non-durable goods and services.

D.   capital goods.

E.    used goods that were produced in the current year.

Answer 1

C) Non-durable goods and services.