For the Average Canadian Consumer,what Percentage of Total Consumption Does

question 114

Multiple Choice

For the average Canadian consumer,what percentage of total consumption does shelter and food expenditures make up,respectively?

• A) 26.8,16.4
• B) 16.1,27.5
• C) 19.3,16.1
• D) 16.1,19.3

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Definitions:

Compounded Semi-Annually

Interest calculation method where interest is added to the principal balance of an investment or loan twice a year, leading to interest on interest.

Amortized

The process of gradually paying off a debt over a period of time through regular payments.

Mortgage Loan

A loan secured by real property through the use of a mortgage note.

Loan Up-To-Date

A loan status indicating that all payments are current and no installment is overdue.