ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Three of these items represent services provided by the federal government using taxpayer money. Which one represents a personal expense instead?
A
Military protection
B
Medicare and Medicaid
C
Auto insurance
D
NASA space program
Explanation: 

Detailed explanation-1: -Fixed expenses, savings expenses, and variable costs are the three categories that make up your budget, and are vitally important when learning to manage your money properly. When you’ve committed to living on a budget, you must know how to put your plan into action.

Detailed explanation-2: -Cost of Goods Sold. Operating Expenses. Financial Expenses. Extraordinary Expenses. Non-Operating Expenses.

Detailed explanation-3: -Housing. Whether you own your own home or pay rent, the cost of housing is likely your biggest monthly expense. Utilities. Vehicles and transportation costs. Gas. Groceries, toiletries and other essential items. Internet, cable and streaming services. Cellphone. Debt payments. More items •26-Sept-2022

Detailed explanation-4: -Housing or Rent. Housing and rental costs will vary significantly depending on where you live. Transportation and Car Insurance. Travel Expenses. Food and Groceries. Utility Bills. Cell Phone. Childcare and School Costs. Pet Food and Care. More items •25-Jan-2023

There is 1 question to complete.