The figures give information about economic growth and household expenditure across a range of categories v.2
The figures give information about economic growth and household expenditure across a range of categories v. 2
The line graph shows economic growth over a 15-year period ending 2010. The pie charts give a breakdown of household spending in four separate years over the same period. Viewed together, there appears to be a relationship between economic growth and patterns of spending.
According to the graph, economic growth began at a modest 1 percent, rose modestly, then remained more or less steady at about 2 percent until 2003. It grew sharply and peaked at nearly 5 percent in 2005, then fell dramatically to -5 percent in 2008, before recovering to 1 percent in 2010.
Over the same period, changes in patterns of spending were evident. In periods of low or negative growth, spending on housing and food accounted for a larger proportion of total household expenditure than in times of relative prosperity. Conversely, in times of economic growth, spending on less essential items such as travel, entertainment and clothing tended to increase. This is particularly evident in the chart for 2005 where together these three items appear to account for over 15 percent of total spending.
In summary, the figures show that in times of hardship, households spend a greater proportion of their income on necessities whereas, in times of prosperity, more is spent on non-essentials
The line graph
shows
economic
growth
over
a 15-year
period
ending 2010. The pie charts give a breakdown of household
spending
in four separate years
over
the same
period
. Viewed together, there appears to be a relationship between
economic
growth
and patterns of spending.
According to the graph,
economic
growth
began at a modest 1
percent
, rose
modestly
, then remained more or less steady at about 2
percent
until 2003. It grew
sharply
and peaked at
nearly
5
percent
in 2005, then fell
dramatically
to -5
percent
in 2008,
before
recovering to 1
percent
in
2010.
Over
the same
period
,
changes
in patterns of
spending
were evident. In
periods
of low or
negative
growth
,
spending
on housing and food accounted for a larger proportion of total household expenditure than in
times
of relative prosperity.
Conversely
, in
times
of
economic
growth
,
spending
on less essential items such as travel, entertainment and clothing tended to increase. This is
particularly
evident in the chart for 2005 where together these three items appear to account for
over
15
percent
of total spending.
In summary, the figures
show
that in
times
of hardship, households spend a greater proportion of their income on necessities whereas, in
times
of prosperity, more
is spent
on non-essentials
2Linking words, meeting the goal of 7 or more
31Repeated words, meeting the goal of 3 or fewer
0Mistakes