Economics · National Income Accounting
Although consumer durables provide services over a long period, in national income accounting they:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Are omitted as their total contribution is economically insignificant
- 2Are completely ignored because households do not maintain account books
- 3Are treated as consumed in the year of purchase and included in national income in that year✓
- 4Have their flow of services included over their entire multi-year lifetime
Correct answer
Are treated as consumed in the year of purchase and included in national income in that year
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