The broken-line chart depicts the rate of economic growth from 1995 to 2010. The four pie charts represent the proportion of money spent on six types of goods or services over the 15 years. Seen together, it suggests the higher the rate is, the more money spent on leisure-related categories, namely clothing and entertainment, and vice versa.
Between 1995 and 2000, the rate of economic growth remained roughly at 2 percent; therefore, the purchasing behaviour did not change massively. For instance, the consumption of basic necessities accounted for occupied over half of the total expenditure. However, expenditure did change in some categories. For example, the money spent on food rose to one third whereas housing expenditure dropped to a quarter over the first 5 years of the period in question.
When the economy grew gradually and peaked at approximately 5 percent in 2005, clothing and travel expenditure appear to increase noticeably. Nonetheless, the sector of clothing and entertainment shrunk significantly after a dramatic decline in the economy in 2007. Interestingly, the proportion of food and housing consumption climbed to one third in 2010 due to the influence of economic recession.
The broken-line chart depicts the rate of economic growth from 1995 to 2010. The four pie charts represent the proportion of money spent on six types of
goods
or services over the 15 years.
Seen
together, it suggests the higher the rate is, the more money spent on leisure-related categories,
namely
clothing and entertainment, and vice versa.
Between 1995 and 2000, the rate of economic growth remained roughly at 2 percent;
therefore
, the purchasing
behaviour
did not
change
massively
.
For instance
, the consumption of
basic necessities
accounted for occupied over half of the total
expenditure
.
However
,
expenditure
did
change
in
some
categories.
For example
, the money spent on food rose to one third whereas housing
expenditure
dropped to a quarter over the
first
5 years of the period in question.
When the economy grew
gradually
and peaked at approximately 5 percent in 2005, clothing and travel
expenditure
appear to increase
noticeably
. Nonetheless, the sector of clothing and entertainment shrunk
significantly
after a dramatic decline in the economy in 2007.
Interestingly
, the proportion of food and housing consumption climbed to one third in 2010 due to the influence of economic recession.