Explaining The 30-Year Shift In Consumer Expenditures From Commodities To Services, 1982–2012

By U.S. Bureau of Labor Statistics | DMCA

The last 30 years have seen a shift in the allocation of U.S. consumer expenditures from commodities to services. This article uses Consumer Expenditure Survey (CE) data and Consumer Price Index (CPI) “relative importance” and index data (1) to show that the shift has been driven by changes not only in price but also in quantity and (2) to identify the particular categories of services driving the...

Paperback: 34 pages
Publisher: CreateSpace Independent Publishing Platform (May 8, 2014)
Language: English
ISBN-10: 1499386672
ISBN-13: 978-1499386677
Product Dimensions: 8.5 x 0.1 x 11 inches
Format: PDF ePub djvu ebook

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