Question

The second largest share of an individual’s consumption expenditure is for nondurable goods (such as food and clothing) at approximately _____ percent.
a. 9
b. 29
c. 59
d. 89

Answer 1

Answer:

b. 29

Explanation:

consumption expenditure is the expenditure directly incurred by the households for the purchase of goods and services.

approximately 29% which is the second largest share of an individual’s consumption expenditure is for nondurable goods.