The largest expenditure category in Australia is

Question

Quizplus · Accepted Answer

Consumption expenditure refers to the total expenditure by households on goods and services. This covers a wide range of areas including food, housing, healthcare, transport, and entertainment. As Australia is a developed economy with a high standard of living, it is not surprising that consumption expenditure is the largest expenditure category. Government expenditure on goods and services, investment, and wages are also significant categories, but they are not as large as consumption expenditure. Net exports of goods and services are not technically an expenditure category, but rather a component of GDP that reflects the difference between exports and imports.

The Largest Expenditure Category in Australia Is