Accounting for Durable Goods: Consumption vs. Investment

An individual makes several purchases: a new laptop with an expected lifespan of five years, a monthly bus pass for commuting, a concert ticket for a show next week, and a pair of running shoes designed to last for about six months of regular use. Which of these purchases is an example of a durable good?

Household Spending Behavior During Economic Uncertainty

Critique of Durable Goods Classification in Economic Accounts

A family's purchase of a new refrigerator is recorded as an investment in national income accounts because it is a tangible item that provides a stream of services over several years.

Analyzing Household Spending Volatility

Postponability of Consumer Purchases

In economics, consumer goods such as automobiles and refrigerators, which have a long useful life and are not consumed in a single use, are categorized as ______ goods.

Arrange the following consumer purchases in descending order of durability, from the item with the longest expected useful life to the item with the shortest.

Comparing Household Expenditures