Question
Which statement is true of a household budget?
essential expenses should be reduced
interest should not be calculated as income
income should be more than expenses
variable expenses should be removed
essential expenses should be reduced
interest should not be calculated as income
income should be more than expenses
variable expenses should be removed
Answers
GPT-4o mini
The statement that is true of a household budget is: **income should be more than expenses.**
A household budget aims to ensure that income exceeds expenses, allowing for savings and financial stability. Reducing essential expenses may not always be feasible, interest can be considered income in certain contexts, and variable expenses may not need to be entirely removed but rather managed effectively.
A household budget aims to ensure that income exceeds expenses, allowing for savings and financial stability. Reducing essential expenses may not always be feasible, interest can be considered income in certain contexts, and variable expenses may not need to be entirely removed but rather managed effectively.