What part of personal consumption do non-durable goods generally represent?

Non-durable goods represent approximately 30% of personal consumption. These goods are characterized by their short lifespan, typically lasting less than three years, and are items that are consumed quickly or have a limited usage time. Common examples include food, beverages, toiletries, and other household supplies.

Understanding the role of non-durable goods in personal consumption is important because they often reflect day-to-day spending habits and can indicate trends in consumer behavior. Trends in non-durable goods consumption can affect various sectors of the economy since they are essential for everyday living.

The other options suggest different proportions of non-durable goods in relation to overall personal consumption, but research indicates that the actual figure is more aligned with 30%. This contextual knowledge helps in comprehending consumer behavior and economic cycles, as fluctuations in the consumption of non-durable goods can signal shifts in economic conditions and consumer confidence.