Consumer spending
Appearance
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Consumer spending, consumption, or consumption expenditure is when people buy goods and services. It is the biggest part of aggregate demand in macroeconomics. There are two parts of consumer spending: induced consumption (which is changed by the level of income) and autonomous consumption (which is not).
Data
[change | change source]United States
[change | change source]In the United States, the Consumer Spending figure published by the Bureau of Economic Analysis includes three big categories of personal spending.[1]
- Durable goods: motor vehicles and parts, furniture and durable household equipment, recreational goods and vehicles, and other durable goods.
- Nondurable goods: food and drinks bought to consume in a place different from where it was bought, clothes and shoes, gasoline and other energy goods, and other nondurable goods.
- Services: housing and utilities, healthcare, transportation services, recreation services, food services and accommodations, financial services and insurance, and other services.
References
[change | change source]- ↑ "Archived copy" (PDF). Archived from the original (PDF) on 2017-01-31. Retrieved 2019-10-03.
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: CS1 maint: archived copy as title (link)