Definition
Personal consumption expenditures measure household spending on goods and services.
Why It Matters
It is a major component of GDP and economic growth.
Example
Household spending on food and healthcare.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
Personal consumption expenditures measure household spending on goods and services.
It is a major component of GDP and economic growth.
Household spending on food and healthcare.