The Data in the Table Above Shows the Consumption by Families

question 181

Multiple Choice

The data in the table above shows the consumption by families in an economy.The year 2013 is the reference base period.
-Based on the table above,the cost of the base period market basket in 2013 is

• A)$3,300.
• B)$4,885.
• C)$4,650.
• D)$3,885.
• E)None of the above answers is correct.

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Definitions:

Maintenance Costs

Expenses incurred in the upkeep of assets, ensuring they continue to operate effectively without significant degradation or failure.

Capital Expenditure

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment to improve its long-term service potential.

Repairs Expense

Costs incurred in the maintenance of assets to keep them in their original condition, without adding to their value or extending their life.

Maintenance Expense

Costs incurred to keep property, equipment, or assets in efficient operating condition.