The graph below shows the Cotter family household expenditure - Junior Cycle Business Studies - Question 1 - 2022
Question 1
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?
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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.
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Answer
Fixed expenditure: Mortgage/loan repayments
Irregular expenditure: Groceries
Discretionary expenditure: Entertainment
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