Answered

what is a family budget method?​

Sagot :

budgets of a huge number of people and estimate the average family's total expenditure on certain things.

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Tristinviz

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  • Under this method, we study the family budgets of a large numbar of people and estimate the aggregate expenditure of the average family for various items. These values are used as weight. We then multiply these price relatives by the respective values of the commodities of the base year.

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