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Households in the satisfaction of needs and wants

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Reference no: EM132476517

For this Marc article I'm reading is about the U.S GDP grew faster than expected in the third quarter, but slowed slightly as business investment continued to decline. The economic activity grew at an annualized rate of 1.9% in the third quarter, down slightly from the 2% pace in the second quarter. GDP is known as a gross domestic product. which is basically the total market value from all the goods and services that every country produced, in a given year. Consumer spending is also referred to as the goods and services bought by the households in the satisfaction of their needs and wants. It is also known as personal consumption expenses and is the largest part of aggregate demand or effective demand.

Reference no: EM132476517

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