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Money spent for products and services meant for individual consumption.
Personal Consumption Expenditures
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Other
Related Terms
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GDP stands for Gross Domestic Product. GDP is the total value of the goods and services produced in a...
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NIRP stands for “negative interest rate policy”. NIRP is a macroeconomic concept that describes conditions...
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Quantitative easing (QE) is an unconventional monetary policy used by central banks to stimulate the...
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An estimate of the total sales of goods by all retail establishments in the U.S. (Sales of services are not...
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A central bank is an organization that manages the currency of a country or group of countries and controls...
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