Question: Presented below in the table are the average household weekly expenditure ($) on three major commodity groups (current housing costs, medical care and health expenses,
Presented below in the table are the average household weekly expenditure ($) on three major commodity groups (current housing costs, medical care and health expenses, and communication) and the total household expenditure on all goods and services by the age of head of households in Australia in 2015-16. Using the information provided, and applying appropriate concepts and calculating appropriate indicators, analyse the patterns of consumption of these three commodity groups by households at different stages of the life cycle. Your response should be no more than 150 words, excluding calculations.
Age of head of household 1524 2534 3544 4554 5564 65+
All households
Current housing costs Medical care and health expenses Communication 67 Total expenditure on all
126 312 90 87 33 47
914 1,519
286 440 492 364 241 27 79 81 91 95 55 47 54 49 1,654 1,770 1,955 1,514
goods and services
1,152
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