Boys Spend an Average of $400 on Back-To-School Clothes

question 48

Multiple Choice

Boys spend an average of $400 on back-to-school clothes. Girls spend an average of $1,032. How much less is the boy's average expenditure, relatively, than the girl's expenditure (round to the nearest percent) ?

• A) 61%
• B) 158%
• C) ?158%
• D) 39%

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Definitions:

Private Enterprise Systems

A private enterprise system, also known as capitalism, is characterized by private property rights and the free market dictating the allocation of resources and production.

Substitute Goods

Products that can be used in place of one another; increasing the price of one leads to an increase in demand for the other.

Consumers' Incomes

The total amount of money earned by the population, affecting purchasing power and consumer behavior in the economy.

Epidemic

A widespread occurrence of an infectious disease in a community at a particular time.