A Study of the Engel Coefficient Relation to Our Family Life 10

Updated on Financial 2024-05-01
11 answers
  1. Anonymous users2024-02-08

    Engel's coefficient (ENGEL's coefficient) is the share of total food expenditure to total personal consumption expenditure. In the 19th century, the German statistician Engel drew a law on the changes in consumption structure based on statistical data: the less a household income, the greater the proportion of household income (or total expenditure) spent on food, and as the household income increases, the proportion of household income (or total expenditure) spent on food will decrease.

    By extension, the poorer a country is, the greater the proportion of per citizen's average income (or average expenditure) spent on food, and this proportion tends to decline as the country becomes richer.

    Engel's law mainly expresses a certain trend in the proportion of food expenditure in total consumption expenditure with the change of income. The correlation between household income and food expenditure is revealed, and the proportion of food expenditure to total consumption expenditure is used to illustrate the impact of economic development and income increase on living consumption. As we all know, food is the first need for human survival, and when the income level is low, it must occupy an important position in consumer expenditure.

    With the increase of income, when the demand for food is basically satisfied, the focus of consumption will begin to shift to other aspects such as clothing and use. Therefore, the poorer a country or family lives, the greater Engel's coefficient; Conversely, the richer life is.

  2. Anonymous users2024-02-07

    Engel's coefficient is determined by the proportion of food expenditure as a proportion of total expenditure.

    Engel's coefficient = amount of food expenditure Total amount spent x 100%.

    The higher Engel's coefficient indicates that more food is consumed, which means that the poorer it is.

  3. Anonymous users2024-02-06

    Engel's coefficient is 40-50% for being well-off and 30-40% for being wealthy. Internationally, the Engel coefficient is often used to measure the living standards of people in a country or region. The poorer a country is, the greater the proportion of food spent on food per national in its average income (or average expenditure), and this proportion tends to decline as the country becomes richer.

    According to the criteria proposed by the Food and Agriculture Organization of the United Nations, an Engel coefficient above 59% is considered poor, 50-59% is subsistence and clothing, 40-50% is moderately well-off, 30-40% is rich, and less than 30% is the richest.

  4. Anonymous users2024-02-05

    According to the criteria proposed by the Food and Agriculture Organization of the United Nations, the Engel coefficient of 40%-50% is the level of moderate prosperity, 30%-40% is wealthy, and less than 30% is the richest.

    According to the Engel coefficient, the United Nations classifies poverty and affluence as follows: Engel coefficient above 59% is absolute poverty; 50%-59% are barely surviving. When applying the Engel coefficient for international comparison, due to the large differences in the best systems and welfare subsidies of various countries, it is necessary to pay attention to the actual composition of personal consumption expenditure, and pay attention to the error of using the Engel coefficient to reflect the consumption level and quality of life.

  5. Anonymous users2024-02-04

    According to the standard classification of the Food and Agriculture Organization of the United Nations: Engel coefficient above 60% is poor, 50%-59% is food and clothing, 40%-49% is well-off, 30%-39% is rich, and below 30% is the richest.

  6. Anonymous users2024-02-03

    If it is necessary to spend every day for the sake of hunger, the food expenditure is calculated according to the Engel coefficient.

    If it's a big meal, the kind of high consumption that is very expensive doesn't belong. For example, a meal of several hundred is a luxury consumption. Engel coefficient is not counted.

    Engel's coefficient = the amount of belly money divided by the total amount of money = how much is more.

  7. Anonymous users2024-02-02

    Engel's coefficient (ENGEL's coefficient) is the proportion of total food expenditure to total personal consumption expenditure.

    If the Engel coefficient is high, it proves that the food expenditure is high, and of course the standard of living is low.

    Because of the low standard of living, more money is spent on food (relatively more).You can think about it, with a high standard of living, people go back to travel, buy high-end clothes, cosmetics, etc., so that food spending is relatively less than that of old socks. (I understand the meaning of Xianghao Ling, which is the specific gravity).

  8. Anonymous users2024-02-01

    According to Engel's law, as the household income increases, Engel's coefficient will be ()aRise. b.Decline.

    c.Largely unchanged.

    d.Rising and falling.

    Correct Sen Lead Pants Answer: B

  9. Anonymous users2024-01-31

    Engel's coefficient refers to the proportion of food expenditure in household consumption expenditure, which is one of the important indicators to measure the relationship between household income and consumption level. In layman's terms, the higher the Engel coefficient, the lower the family's income, and the lower the family's standard of living.

    The level of Engel's coefficient is closely related to the standard of living of the family. In the case of the same income of the family, the higher the Engel coefficient, the more money the family has to spend on food, which leads to the limitation of other aspects of spending power, such as the purchase of clothes, electrical appliances, travel, etc. Therefore, the quality of life of families with high Engel coefficient is relatively low, and it is difficult to improve the standard of living.

    Engel's coefficient refers to the proportion of food expenditure in household consumption expenditure, which is one of the important indicators to measure the relationship between household income and consumption level. In layman's terms, the higher the Engel coefficient, the lower the family's income, and the lower the family's standard of living.

    The Engel coefficient is calculated as follows: Engel coefficient = total food expenditure 100% of total household consumption. For example, if a family's total food expenditure is 5,000 yuan and the total household consumption is 10,000 yuan, then the family's Engel coefficient is 50%.

    On the other hand, households with a low Engel coefficient can spend more of their disposable income on other aspects of consumption, and their living standards are relatively high. This means that regions with a low Engel coefficient have a relatively high level of economic development and a higher standard of living.

    The Engel coefficient is calculated as follows: Engel coefficient = total food expenditure 100% of total household consumption. For example, if a family's total food expenditure is 5,000 yuan and the total household consumption is 10,000 yuan, then the family's Engel coefficient is 50%.

  10. Anonymous users2024-01-30

    The Engel coefficient is calculated as follows: Engel coefficient = total food expenditure 100% of total household consumption. For example, if a family's total food expenditure is 5,000 yuan and the total household consumption is 10,000 yuan, then the family's Engel coefficient is 50%.

    In short, Engel's coefficient is an important indicator to measure the relationship between household income and consumption level, and its level directly affects the living standard of the family. Therefore, we should raise our income level as much as possible, and at the same time pay attention to controlling the food expenditure of our families and rationalizing household consumption.

    The Engel coefficient is calculated as follows: Engel coefficient = total food expenditure 100% of total household consumption. For example, if a family's total food expenditure is 5,000 yuan and the total consumption of hail is 10,000 yuan, then the family's Engel coefficient is 50%.

    In short, Engel's coefficient is an important indicator to measure the relationship between household income and consumption level, and its level directly affects the living standard of the family. Therefore, we should raise our income level as much as possible, and at the same time pay attention to controlling the food expenditure of our families and rationalizing household consumption.

    In short, Engel's coefficient is an important indicator to measure the relationship between household income and consumption level, and its level directly affects the living standard of the family. Therefore, we should raise our income level as much as possible, and at the same time pay attention to controlling the food expenditure of our families and rationalizing household consumption.

    According to international practice, households with an Engel coefficient of less than 30 per cent belong to high-income households, 30 to 40 per cent belong to middle-income households, and more than 40 per cent belong to low-income households. In China, the standard of Engel's coefficient varies according to the economic development of different regions and the level of water and potato rock level and price level. Generally speaking, areas with an Engel coefficient of less than 20% belong to high-income areas, 20%-30% of areas belong to middle-income areas, and more than 30% of areas belong to low-income areas.

  11. Anonymous users2024-01-29

    Engel's coefficient is a proportional number derived from Engel's law. In the mid-nineteenth century, the German statistician and economist Engel investigated the consumption of Belgian households with different incomes, studied the impact of income increase on the composition of consumption demand and expenditure, and proposed the principle of regularity, which was named Engel's law. The main point is that the lower the income of a household or individual, the greater the proportion of expenditure on subsistence food in the household or individual income.

    For a country, the poorer it is, the greater the proportion of the average expenditure per citizen that is spent on food. The Engel coefficient is determined by the proportion of food expenditure to the total expenditure. An Engel coefficient of more than 59 percent is considered poor, 50 to 59 percent is food and clothing, 40 to 50 percent is moderately well-off, 30 to 40 percent is rich, and less than 30 percent is the richest.

    The formula for Engel's law:

    Percentage change in food expenditure Percentage change in total expenditure x 100% = ratio of food expenditure to total expenditure (r1).

    or % change in food expenditure % change in income x 100% = ratio of food expenditure to income (r2).

    Note: R2 is also known as the income elasticity of food spending.

    Engel's law is based on empirical data, and it is applied on the assumption that all other variables are constants, so the impact of factors such as urbanization, food processing, catering industry, and changes in the structure of food itself on the increase in household food expenditure should also be taken into account when examining the change in the proportion of food expenditure in income. It is only when a fairly high average level of food consumption is reached that a further increase in income does not have a significant impact on food expenditure.

    Engel's coefficient is a proportional number derived from Engel's law, which is an indicator of the level of living standards. It is calculated as follows:

    Engel's coefficient: the amount of food expenditure Total amount spent x 100% = Engel's coefficient.

    In addition to food expenditure, the proportion of expenditure on clothing, housing, daily necessities, etc., has also been decreasing after a period of increase in household income or total expenditure.

    Engel's coefficient is an important indicator to measure the living standard of residents in the world, which generally decreases with the improvement of household income and living standards. Since the reform and opening up, the Engel coefficient of urban and rural households in China has dropped from the sum in 1978 to the sum in 2010.

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