When economists attempt to predict the spending patterns of U.S. households, they will typically view the _____________________ as a primary determining factor that in?uences the individual consumption choices that each will make?
When economists attempt to predict the spending patterns of U.S. households, they will typically view the DAILY COST OF LIVING as a primary determining factor that influences the individual consumption choices that each will make.
An economist can predict the spending power of the masses if he/she knows how much energy and monetary value is being spent on a daily basis. This way he/she will know the consumption choices that these consumers are making for themselves.
