Question

Which expenditure of items is assigned as weights in the method f family budget mcq​

Answer 1

Answer:

In the method of family budget, expenditure items are assigned weights based on their importance or priority. For example, items such as food, housing, and transportation may be assigned higher weights as they are considered essential expenses, while items such as entertainment and luxury items may be assigned lower weights as they are considered non-essential expenses. The weight assigned to each item is used to determine the proportion of income allocated to each expenditure item, and thus helps in creating a balanced and realistic budget