Calculating the budget share of leisure


Suppose that consumer spending is 200, and spending on food, transport and leisure is 60, 20 and 10 respectively. Suppose that after five years consumer spending doubles to 400. How much do you believe will be the budget share of leisure? Why?

Request for Solution File

Ask an Expert for Answer!!
Macroeconomics: Calculating the budget share of leisure
Reference No:- TGS061553

Expected delivery within 24 Hours