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What is a consumption budget?

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Anonymous

12y ago
Updated: 2/25/2023

A total consumption budget means that all the money is spent on planned needs, and there is none left over as discretionary income.

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Related Questions

What is the primary disadvantage to having to having a total consumption budget?

With a total consumption budget, there is no net income or savings.


What is primary disadvantage to having a total consumption budget?

With a total consumption budget, there is no net income or savings.


What is a total disadvantage to having a total consumption budget?

With a total consumption budget, there is no net income or savings.


What is total consumption budget?

A total consumption budget means that all the money is spent on planned needs, and there is none left over as discretionary income.


What is a total consumption budget?

Total income spent on the consumption of goods and services.


What two categories should be added to your budget?

to ensure that you do not have a total consumption budget, which two categories should be added to your budget?


To ensure that you do not have a total consumption budget which two categories should be added to your budget?

savings and miscellaneous


When To ensure that you do not have a total consumption budget which two categories should be added to your budget?

savings and miscellaneous


What is the primary disadvantage of having a total consumption budget?

there is no discretionary income


If you have a total consumption budget what should you do to ensure you have enough money saved for emergencies and meeting long-term goals?

Review your budget and make adjustments so that you can add savings and miscellaneous categories to the budget.


Which of these does not describe a total consumption budget?

it is designed to reach short-term goals


What is a price consumption line?

A price consumption lines show a consumer's demand for a good or service after price changes. It is draw through the equilibrium of an indifference curve and the budget line