Which of the following allows us to determine the value of average consumption spending?
A)leading economic indicators
B)representative household analysis
C)indexing
D)ratio analysis

Question

Which of the following allows us to determine the value of average consumption spending?
A)​leading economic indicators
B)​representative household analysis
C)​indexing
D)​ratio analysis

Quizplus · Accepted Answer

Representative household analysis allows us to determine the value of average consumption spending by selecting a sample of households that represent a specific population and analyzing their consumption patterns. This method provides a more accurate estimate of average consumption spending compared to other methods such as ratio analysis or indexing. Leading economic indicators are used to predict future economic activity and are not directly related to consumption spending.

Which of the Following Allows Us to Determine the Value