Basic foods are very important in the budgets of low income households.According to the study of Banerjee and Duflo (2007),it is common for the low income households to spend _____ of their total consumption budget on food.

Question

Quizplus · Accepted Answer

According to the study of Banerjee and Duflo (2007), low income households typically spend 50% - 90% of their total consumption budget on food. Therefore, choice C is the best answer.

Basic Foods Are Very Important in the Budgets of Low