Answer:
D. all of the above
Step-by-step explanation:
on average, Europeans spend around 52% of their income on basic necessities. After their basic needs were fulfilled, they allocate some of their money for their tertiary needs. Here are the approximate percentage for each allocation :L
- Clothes and ornaments (such as fashionable clothes and jewelries ) - 8.9 %
- Transportation (such as money allocated to purchase cars/ motorbike) - 13 %
- Holidays and Housing (vacations and payments to purchase house) - 23%