In Less Developed Countries,such as Kenya and the Philippines,at-Home Food

question 18

Multiple Choice

In less developed countries,such as Kenya and the Philippines,at-home food expenditures often account for more than _____ of a household's budget.

• A)10 percent
• B)20 percent
• C)30 percent
• D)40 percent

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Definitions:

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of data points.

Optimal Risky Portfolio

A portfolio that offers the highest expected return for a given level of risk or the lowest risk for a given level of expected return, according to modern portfolio theory.

Risk Free Rate

The theoretical return on an investment with zero risk, often represented by government bonds or treasury bills of a stable country.

Standard Deviation

A statistical measurement that sheds light on the dispersion or spread of a set of numbers or data points around the mean value.