which of the following items is the one type of household expenditure that is categorized as consumption? 1. spending on educatjon 2. the purchase of stocks and bonds 3. the purchase of a new house 4. all of the above 5. none of the above
which of the following items is the one type of household expenditure that is categorized as consumption? 1. spending on educatjon 2. the purchase of stocks and bonds 3. the purchase of a new house 4. all of the above 5. none of the above
ChapterA: Working With Diagrams
Section: Chapter Questions
Problem 1QP
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Question
which of the following items is the one type of household expenditure that is categorized as consumption?
1. spending on educatjon
2. the purchase of stocks and bonds
3. the purchase of a new house
4. all of the above
5. none of the above
Correct answer is 3 please give explanation
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