Which one of the following transactions is classified as consumption (consumer expenditure) in national income accounts?
A family purchasing a newly constructed house to live in
A sole trader purchasing a new commercial van to deliver goods to customers
A household paying a law firm for advice on a personal civil dispute
A retired individual purchasing newly issued corporate bonds to generate income
40 exam-style questions on Edexcel A A Level Economics 2.2.2 Consumption (C). Each one has a worked solution and a mark scheme showing where the marks go.