multiple choice question\nfor the purpose of gdp accounting, consumption expenditure includes\no only…

multiple choice question\nfor the purpose of gdp accounting, consumption expenditure includes\no only nondurable goods.\no only durable goods.\no both nondurable goods and services.\no durable goods, nondurable goods, and services.

multiple choice question\nfor the purpose of gdp accounting, consumption expenditure includes\no only nondurable goods.\no only durable goods.\no both nondurable goods and services.\no durable goods, nondurable goods, and services.

Answer

Brief Explanations:

In GDP accounting, consumption expenditure includes spending on durable goods (long - lasting items like cars), nondurable goods (short - lived items like food), and services (like haircuts).

Answer:

durable goods, nondurable goods, and services.