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What are the categories of expenses mentioned?

1) clothing
2) household
3) transportation
4) health/personal care
5) recreation/education
6) gifts/contributions

1 Answer

4 votes

Final answer:

The expenses mentioned are subdivided into Apparel, Transportation, Medical Care, Recreation and Education (including subcategories for each), and Gifts/Contributions, each with various specific examples, reflecting common categories found in consumer expense tracking, such as the Consumer Price Index.

Step-by-step explanation:

The categories of expenses mentioned are:

  • Apparel which includes men's shirts and sweaters, women's dresses, and jewelry.
  • Transportation with items like new vehicles, airline fares, gasoline, and motor vehicle insurance.
  • Health/Personal Care, described as medical care in detail, includes prescription drugs and medical supplies, physicians' services, eyeglasses and eye care, and hospital services.
  • Recreation/Education is broken down into two subcategories: Recreation, consisting of televisions, cable television subscriptions, pets and pet products, sports equipment, and admissions to events; and Education and Communication, which covers college tuition, postage, telephone services, computer software and accessories.
  • Gifts/Contributions which may encompass donations to charities, presents for family and friends, and other similar expenses.
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