consumption expenditure

consumption expenditure

the proportion of NATIONAL INCOME or DISPOSABLE INCOME spent by HOUSEHOLDS on final goods and services. Consumption expenditure is the largest component of AGGREGATE DEMAND and spending in the CIRCULAR FLOW OF NATIONAL INCOME. It is one of the most stable components of aggregate demand, showing little fluctuation from period to period.

In 2003, consumption expenditure accounted for 52% of gross final expenditure (GFE) on domestically produced output (GFE minus imports = GROSS DOMESTIC PRODUCT). See Fig. 132 (b) , NATIONAL INCOME ACCOUNTS. See CONSUMPTION SCHEDULE, VEBLEN EFFECT.

References in periodicals archive ?
Private final consumption expenditure 259 065 275 616 291 392 300 627
Total household consumption expenditure (in billions of US$)
economic indicators (population, area, total GNP, per capita GNP, household consumption expenditure, data at purchasing power parity)
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SAN FRANCISCO -- Comprehensive View of Small Business Spending Patterns Provided Through Visa's Commercial Consumption Expenditure Analysis
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Subtracting those same costs from the productive and consumption expenditures that constitute GNR reduces these expenditures to the sum of consumption expenditure plus net investment.
Government Consumption Expenditures and Gross Investment
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In this paper, the material well-being of the population, as defined by consumption expenditures, is evaluated in terms of the inequality of consumption expenditures across consumer units representative of the U.
Personal consumption expenditures account for two-thirds of total GNP.