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The graph below shows the Cotter family household expenditure - Junior Cycle Business Studies - Question 1 - 2022

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The graph below shows the Cotter family household expenditure. COTTER FAMILY HOUSEHOLD EXPENDITURE Irregular Expenditure 27% Fixed Expenditure 54% Discretionary Ex... show full transcript

Worked Solution & Example Answer:The graph below shows the Cotter family household expenditure - Junior Cycle Business Studies - Question 1 - 2022

Step 1

Which type of expenditure had the highest percentage of total expenditure in the Cotter household?

96%

114 rated

Answer

The type of expenditure that had the highest percentage of total expenditure in the Cotter household is Fixed Expenditure.

Step 2

Give one example of each type of expenditure below.

99%

104 rated

Answer

Fixed expenditure: Mortgage/loan repayments

Irregular expenditure: Groceries

Discretionary expenditure: Entertainment

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