Related to the Economics in Practice on page 35: In the survey conducted by Esther Duflo and Abhijit Banerjee, the extremely poor were found to consume ________ of their budgets on food compared to people in the United States.
A) a significantly higher percentage
B) about the same percentage
C) a slightly lower percentage
D) approximately 50 percent less

Question

Quizplus · Accepted Answer

The survey found that the extremely poor were found to consume a significantly higher percentage of their budgets on food compared to people in the United States. This is due to the fact that food makes up a larger portion of their basic needs and expenses, and they have less disposable income for other expenses.

Related to the Economics in Practice on Page 35: in the Survey