Consumption
Definition
Household spending on goods and services — the "C" in GDP. Typically the largest component, around 65–70% in the US.
Example
Buying groceries, paying rent, and going out to dinner all count as consumption.
Household spending on goods and services — the "C" in GDP. Typically the largest component, around 65–70% in the US.
Buying groceries, paying rent, and going out to dinner all count as consumption.