select all that apply\nwhat are the three categories of consumption expenditure?\n\n□ durable consumer…

select all that apply\nwhat are the three categories of consumption expenditure?\n\n□ durable consumer goods\n□ intermediate goods\n□ inventory goods\n□ services\n□ nondurable consumer goods

select all that apply\nwhat are the three categories of consumption expenditure?\n\n□ durable consumer goods\n□ intermediate goods\n□ inventory goods\n□ services\n□ nondurable consumer goods

Answer

Brief Explanations:

Consumption expenditure is divided into three main categories in economic theory. Durable consumer goods are long - lasting items like cars and furniture. Nondurable consumer goods are short - lived, such as food and toiletries. Services include activities like haircuts and legal advice. Intermediate goods are used in production and not for final consumption, and inventory goods are part of a firm's stock, not direct consumer expenditure categories.

Answer:

A. Durable consumer goods D. Services E. Nondurable consumer goods