What is consumption expenditure? what website can i find out the consumption expenditure of a country and its GDP in the last 10 years? any help would be greatly appreciated!!!!
2006-09-19 04:27:14 · 7 answers · asked by Anonymous in Social Science ➔ Economics
The consumption functionis a description of the total desiredpersonal consumption expenditure by all households in the economy.
In Keynesian economics consumption refers to personal consumption expenditure, i.e., the purchase of currently produced goods and services out of income, out of savings (net worth), or from borrowed funds. It refers to that part of disposable income (income after taxes paid and transfer payments received) that does not go to saving.
Discussions of human consumption of resources play an important role in both economics and environmentalism.
In Keynesian economics, "consumption" is short-hand for personal consumption expenditure and is determined by the consumption function, especially by the marginal propensity to consume. It is part of aggregate demand or effective demand.
Consumption can also be defined as "the selection, adoption, use, disposal and recycling of goods and services", as opposed to their design, production and marketing.
see this website for more information of consumption and GDP
http://www.economicswebinstitute.org/glossary/cons.htm#significance
2006-09-19 21:58:32 · answer #1 · answered by Sweet 1 · 0⤊ 0⤋
Keynesian economics and aggregate consumption--
"In Keynesian economics aggregate consumption is total personal consumption expenditure, i.e., the purchase of currently produced goods and services out of income, out of savings (net worth), or from borrowed funds. It refers to that part of disposable income (income after taxes paid and transfer payments received) that does not go to saving.
"Discussions of human consumption of resources play an important role in both economics and environmentalism.
I"n Keynesian economics, "consumption" is short-hand for personal consumption expenditure and is determined by the consumption function, especially by the marginal propensity to consume. It is part of aggregate demand or effective demand."
Basically, it's a synonym for consumption.
2006-09-19 11:34:41 · answer #2 · answered by nacmanpriscasellers 4 · 0⤊ 0⤋
It is the expenditure of consumables. Try the CIA World Fact Book. You can just pick any country to find all the facts you want.
2006-09-19 11:35:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
consumption expenditure in short is the amount of purchasing power the consumer spends over a period of time.
consumption depend on income and other factors
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)
i just answered this on top of my head because i did economics
2006-09-19 11:33:15 · answer #4 · answered by Peddy 3 · 0⤊ 0⤋
the difference between gp an
2006-09-19 11:35:09 · answer #5 · answered by Anonymous · 0⤊ 0⤋
try this site: www.wikipedia.org
2006-09-19 11:31:23 · answer #6 · answered by elektra_1286 3 · 0⤊ 0⤋