Final Consumption Expenditure by Households (Grade 11 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What does final consumption expenditure represent?
What does final consumption expenditure represent?
Money households spend on finished goods
What does increased spending on durable goods typically signal?
What does increased spending on durable goods typically signal?
An economic upturn is approaching
How long do durable goods last?
How long do durable goods last?
More than one year
Which of these is a semi-durable good?
Which of these is a semi-durable good?
Clothing and footwear
What is a key characteristic of services?
What is a key characteristic of services?
You cannot physically touch them
Which category includes fuel and food?
Which category includes fuel and food?
Non-durable goods
What does increased consumer spending indicate?
What does increased consumer spending indicate?
More people can satisfy wants and needs
What might fewer durable goods purchases signal?
What might fewer durable goods purchases signal?
Tough economic times ahead
What is the expected lifespan of motor vehicles?
What is the expected lifespan of motor vehicles?
10-20 years
How does higher household spending drive economic growth?
How does higher household spending drive economic growth?
Businesses earn more, create jobs & income