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
Government Consumption Expenditures and Gross Investment
Consumption expenditures by individuals living alone averaged 191,489 yen per month in fiscal 1999, up a real 4.
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.