Housing and Transportation Account for the Largest Portion of the Average

question 75

True/False

Housing and transportation account for the largest portion of the average consumer dollar.

---

Definitions:

Excise Tax

A tax directly levied on certain goods, such as alcohol and tobacco, by a government entity.

Transactions

The process of exchanging goods, services, or financial instruments between parties.

Demand Curve

The demand curve is a graphical representation showing how the quantity demanded of a good or service varies with its price, typically sloping downward from left to right.

Excise Tax

A tax imposed on the sale of specific goods or services, such as alcohol, cigarettes, and gasoline.