The Department of Labor Monitors Consumer Expenditures Through Its Annual

Multiple Choice

The Department of Labor monitors consumer expenditures through its annual Consumer Expenditure Survey. In the most recent report, consumers spent after taxes about 13 percent of their income on food, 33 percent on __________, 3 percent on clothes, and 24 percent on transportation and health care, with the rest generally considered discretionary.

A) education
B) housing
C) vacations
D) entertainment
E) investments