National Expenditure

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Definitions
Consumption
Consumption Macroeconomics Consumer Spending National Expenditure Goods and Services Economic Measurement
Consumption represents the total spending by individuals or a nation on goods and services during a specific time period. This macroeconomic concept reflects the usage of resources, and although many durables like clothing, appliances, and automobiles are consumed over a longer period, their expense is accounted for within the consumption cycle.
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