Whether a family is a household or household is a family

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 4, Problem 1E

To determine

Whether a family is a household or household is a family

Expert Solution & Answer

Answer to Problem 1E

According to the U.S. Census Bureau definition, a family and a household are not the same thing. A household is a broader concept than a family. There can be a family household or a non-family household.

Explanation of Solution

A household is a concept where a single or multiple number of people occupy a housing unit. All households need not be a family. It may be a cluster of single or unrelated people living at one place. A family, on the other hand, is a place where people are related to each other either by birth or marriage, or adoption. A family may also contain unrelated people.

Economics Concept Introduction

Concept Introduction:

Household − One or more people occupying a housing unit comprises a household.

Family − Two or more individuals who are connected by birth, adoption or marriage, constitutes a family. Although, they may also include other unrelated people.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Not use ai please

Jim's Bank Account for the Year to 30 April 2008: We will start by calculating the balance of the business bank account, using the transactions provided. Opening Balance: Jim initially deposited €150,000 into his business bank account on 1 May 2007. Transactions: Receipts: Cash Sales (May 2007 to April 2008): €96,000 Credit Sales (Business customers): €19,600 (Note: This amount is not yet received as it is on credit, but it will be included in the Income Statement and not the bank balance at this stage.) Bank receipts from credit customers (amount owed at 30 April 2008): €6,800 Total Receipts:€96,000 (Cash Sales) + €6,800 (credit customer payments) = €102,800 Payments/Expenditures: Lease Payment (Paid in advance for five years): €50,000 Shop Fitting: €10,000 Assistant’s Wages: €250 per month × 12 months = €3,000 Telephone expenses: €800 Heat & Light expenses: €1,000 Jim’s withdrawals for personal expenditure: €1,000 × 12 months = €12,000 Accounting Fee (after the year-end):…

Answer 2

Question

Chapter 4, Problem 1E

To determine

Whether a family is a household or household is a family

Expert Solution & Answer

Answer to Problem 1E

According to the U.S. Census Bureau definition, a family and a household are not the same thing. A household is a broader concept than a family. There can be a family household or a non-family household.

Explanation of Solution

A household is a concept where a single or multiple number of people occupy a housing unit. All households need not be a family. It may be a cluster of single or unrelated people living at one place. A family, on the other hand, is a place where people are related to each other either by birth or marriage, or adoption. A family may also contain unrelated people.

Economics Concept Introduction

Concept Introduction:

Household − One or more people occupying a housing unit comprises a household.

Family − Two or more individuals who are connected by birth, adoption or marriage, constitutes a family. Although, they may also include other unrelated people.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 4, Problem 1E

To determine

Whether a family is a household or household is a family

Expert Solution & Answer

Answer to Problem 1E

According to the U.S. Census Bureau definition, a family and a household are not the same thing. A household is a broader concept than a family. There can be a family household or a non-family household.

Explanation of Solution

A household is a concept where a single or multiple number of people occupy a housing unit. All households need not be a family. It may be a cluster of single or unrelated people living at one place. A family, on the other hand, is a place where people are related to each other either by birth or marriage, or adoption. A family may also contain unrelated people.

Economics Concept Introduction

Concept Introduction:

Household − One or more people occupying a housing unit comprises a household.

Family − Two or more individuals who are connected by birth, adoption or marriage, constitutes a family. Although, they may also include other unrelated people.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 4, Problem 1E

To determine

Whether a family is a household or household is a family

Expert Solution & Answer

Answer to Problem 1E

According to the U.S. Census Bureau definition, a family and a household are not the same thing. A household is a broader concept than a family. There can be a family household or a non-family household.

Explanation of Solution

A household is a concept where a single or multiple number of people occupy a housing unit. All households need not be a family. It may be a cluster of single or unrelated people living at one place. A family, on the other hand, is a place where people are related to each other either by birth or marriage, or adoption. A family may also contain unrelated people.

Economics Concept Introduction

Concept Introduction:

Household − One or more people occupying a housing unit comprises a household.

Family − Two or more individuals who are connected by birth, adoption or marriage, constitutes a family. Although, they may also include other unrelated people.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 4, Problem 1E

To determine

Whether a family is a household or household is a family

Expert Solution & Answer

Answer to Problem 1E

According to the U.S. Census Bureau definition, a family and a household are not the same thing. A household is a broader concept than a family. There can be a family household or a non-family household.

Explanation of Solution

A household is a concept where a single or multiple number of people occupy a housing unit. All households need not be a family. It may be a cluster of single or unrelated people living at one place. A family, on the other hand, is a place where people are related to each other either by birth or marriage, or adoption. A family may also contain unrelated people.

Economics Concept Introduction

Concept Introduction:

Household − One or more people occupying a housing unit comprises a household.

Family − Two or more individuals who are connected by birth, adoption or marriage, constitutes a family. Although, they may also include other unrelated people.

Answer 6

Chapter 4, Problem 1E

To determine

Whether a family is a household or household is a family

Expert Solution & Answer

Answer to Problem 1E

According to the U.S. Census Bureau definition, a family and a household are not the same thing. A household is a broader concept than a family. There can be a family household or a non-family household.

Explanation of Solution

A household is a concept where a single or multiple number of people occupy a housing unit. All households need not be a family. It may be a cluster of single or unrelated people living at one place. A family, on the other hand, is a place where people are related to each other either by birth or marriage, or adoption. A family may also contain unrelated people.

Economics Concept Introduction

Concept Introduction:

Household − One or more people occupying a housing unit comprises a household.

Family − Two or more individuals who are connected by birth, adoption or marriage, constitutes a family. Although, they may also include other unrelated people.

Answer 7

Chapter 4, Problem 1E

To determine

Whether a family is a household or household is a family

Answer 8

Expert Solution & Answer

Answer to Problem 1E

According to the U.S. Census Bureau definition, a family and a household are not the same thing. A household is a broader concept than a family. There can be a family household or a non-family household.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

A household is a concept where a single or multiple number of people occupy a housing unit. All households need not be a family. It may be a cluster of single or unrelated people living at one place. A family, on the other hand, is a place where people are related to each other either by birth or marriage, or adoption. A family may also contain unrelated people.

Answer 12

Economics Concept Introduction

Concept Introduction:

Household − One or more people occupying a housing unit comprises a household.

Family − Two or more individuals who are connected by birth, adoption or marriage, constitutes a family. Although, they may also include other unrelated people.

Answer 13

Ch. 4 - Prob. 1E Ch. 4 - Prob. 2E Ch. 4 - Prob. 3E Ch. 4 - Prob. 4E Ch. 4 - Prob. 5E Ch. 4 - Prob. 6E Ch. 4 - Prob. 7E Ch. 4 - Prob. 8E Ch. 4 - Prob. 9E

Whether a family is a household or household is a family

Whether a family is a household or household is a family

Answer to Problem 1E

Explanation of Solution

Want to see more full solutions like this?

Chapter 4 Solutions