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Are Consumption Expenditures higher or lower in Germany compared to the U.S? Give reasons why.

Are Consumption Expenditures higher or lower in Germany compared to the U.S? Give reasons why.

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Answer :As consumption expenditure is lower in Germany as compared to U.S.A . The reason behind that consumption expenditure are higher in U.S.A are :

  • Higher and well developed technology resulted in higher demand of the product resulted in higher consumption expenditure in an economy.
  • Better health services should be available and person have to bear the cost in the U.S.A .
  • Barriers to entry in the business resulted in higher price of the goods available to them resulted in a inflation in an economy.
  • Aging population available to them result in a problematic situation.
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