Question
Which statement is true of a household budget? (Income should be more than expenses; essential expenses should be reduced; interest should not be calculated as income; 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.**
This principle is fundamental to maintain a balanced budget and ensure financial stability. If expenses exceed income, it can lead to debt and financial difficulties. The other statements may have relevance in specific contexts, but they do not universally hold true for all household budgets.
This principle is fundamental to maintain a balanced budget and ensure financial stability. If expenses exceed income, it can lead to debt and financial difficulties. The other statements may have relevance in specific contexts, but they do not universally hold true for all household budgets.