When economists attempt to predict the spending patterns of U.S. households, they will typically view the _____________________ as a primary determining factor that influences the individual consumption choices that each will make.
A) income level of each household
B) national average spending level
C) national average savings level
D) nation's perennial political debate

Question

Quizplus · Accepted Answer

Income level of each household is a primary determining factor in predicting spending patterns because it directly affects the financial capacity for consumption and savings within a household.

When Economists Attempt to Predict the Spending Patterns of U