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AP® Macroeconomics

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Moderate

Definition of Consumption in Economics

APMACR-QNXWIC

Which of the following is the best definition of consumption in macroeconomics?

A

All purchases of durable and goods by domestic households.

B

All purchases of durable and non-durable goods and services by domestic and foreign households.

C

All purchases of domestically produced goods and services by domestic households.

D

All purchases of non-durable goods and services by domestic and foreign households.

E

All purchases of durable goods and services by domestic and foreign businesses.