The Distinction Between Consumption and Consumption Expenditures, Although Subtle, Becomes

Multiple Choice

The distinction between consumption and consumption expenditures, although subtle, becomes important in the case of

A) services, since they are rapidly becoming a much larger portion of consumption.
B) nondurables, since they are becoming a much larger portion of consumption.
C) durables, since they are purchased erratically but consumed more or less continuously over time.
D) both a and b.
E) a, b, and c.