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The behaviour of consumer expenditure is probably one of the easiest macroeconomic variables to understand because its determinants are relatively well known. Assess the merits of this statement using data available to you from statistical sources and in particular the Economic Trends Annual Supplement. Also, assess the extent to which it is possible to investigate patterns of consumer expenditure across the regions of the United Kingdom (you may wish to consult Regional Trends). Why is it important that property analysts have a good understanding as to what is happening to consumer expenditure in the United Kingdom when they offer advice to clients? Consumer expenditure is the largest element in total expenditure and so any fluctuations in consumption will have important implications for the overall level of economy in the economy. Consumer expenditure shows the cost of day-to-day living, which takes up the majority of income. However, day-to-day living varies in different households,...

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