If the total expenditures of a typical family equaled $35,000 per year in 2000 and the exact same basket of goods and services cost $40,000 in the year 2005, the family's cost of living is

The correct answer is "The family cost of living has increased by 14.28%"

Explanation:

If the total expenditures of a typical family equaled $35,000 per year in 2000

$35,000 2000

And the exact same basket of goods and services cost $40,000 in the year 2005.

$40,000 - $35,000 = $5,000 (Diference or increasement beetween the year 2000 and 2005)

Rule of three

$35,000 100%

$5,000?

(5000 x 100) ÷ 35,000= 14,28%

The family cost of living has increased by 14.28% in the last five years.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

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