Answer to Question #251071 in Financial Math for Millicent

Question

One of the following best explains consumption spending

Select one:

a. Spending on infrastructure

b. None of the option are correct

c. Spending on capital goods

d. Spending on final consumer goods

Answer 1

The correct answer is:

d. Spending on final consumer goods.

This is because consumption spending is related to the personal consumption expenditures or expenses to be used for the sake of personal consumption.