|August Shows Strong U.S. Durable Goods Sales|
|Topic||National Income Accounting|
Durable Goods and Recession
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Reference ID: A136803139
National income accountants measure personal consumption expenditures by adding up the amounts spent on durable goods, nondurable goods, and services. Durable goods are expected to work at least 3 years or more. Examples include automobiles, personal computers, and refrigerators. Spending on such goods makes up about 12 percent of total consumer expenditures.
|Source||Vikas Bajaj, “Orders for Durable Goods Recovered Strongly in August”, The New York Times Online, September 29, 2005|
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