The table depicts Australia household spending patterns and total value of money expent per month in the years 1991 and 2001. Units are measured in Australian dollar(AUD).
Overall, it is evident that bigger amount of money was spent on all expenses in question in 1991 than in 2001. Notably, a family expent the largest amount of money on services and other goods in both years, whereas the reverse was true for that went on clothing.
In detail, expenditure on food accounted for 155 AUD and 95 AUD on housing in 1991. By 2001, both categories had experienced a similar increase by 5 AUD in the amount of money spent. Similarly, electricity and water and other goods and services showed rising spending rates over a period of a decade, with the expenditure rising from 75 AUD to 120 AUD and from 250 AUD to 270 AUD, respectively.
In contrast to this, the quantity of money went on clothing and housing had fallen over a decade period. The figure for the former dropped to 20 AUD from 30 AUD IN 2001. However, this difference was more pronounced in expenditure on transport, with amount falling from 70 AUD to 45 AUD. As for the overall value, it made up the 675 AUD in 1991 and 40 AUD more than that in previous year in 20
01.