Visualizing the consumption of goods and services
This handout provides instructions on building the graph below and includes writing prompts for out-of-class assignments.
From the FRED Blog
The post “The rise of services in the US economy” discusses the high proportions of total employment, hours worked, private firms in business, and household spending connected to the delivery of services.
Quiz yourself on the economics of consumption
Interpret graphs to answer questions about consumption spending. These questions reinforce economic analysis and data literacy skills. Share the FRED dashboard with your students.
