2.1 Explain one advantage of drawing a household budget. 2.2 State whether the budget statement showed a surplus or deficit balance. Write down the amount. 2.3 The inflation rate of a country is an important key factor to determine the country's economic strength. If the inflation rate is predicted to be \( 4,5 \% \) in 2026 and remain at \( 4,5 \% \) in 2027 . Predict the price of a 700 g Albany Sliced brown bread in 2027 . Show all the calculations. 2.4 Identify your household's largest expense and show by Calculation what percentage of your household income is spent on it.

Let's break down each part of your problem step by step. ### 2.1 Advantage of Drawing a Household Budget One advantage of drawing a household budget is that it helps individuals and families track their income and expenses. This allows them to identify areas where they can save money, prioritize spending, and avoid overspending. By having a clear overview of their financial situation, households can make informed decisions about their finances, leading to better financial stability and planning for future expenses. ### 2.2 Surplus or Deficit Balance To determine whether the budget statement showed a surplus or deficit balance, we need the total income and total expenses. - **Surplus**: If total income > total expenses - **Deficit**: If total income < total expenses Please provide the total income and total expenses to calculate the surplus or deficit balance. ### 2.3 Predicting the Price of Albany Sliced Brown Bread in 2027 To predict the price of a 700 g Albany Sliced brown bread in 2027, we need the current price and the inflation rate. Let's denote: - Current price = \( P \) - Inflation rate = \( r = 4.5\% = 0.045 \) The formula to calculate the future price considering inflation is: \[ P_{future} = P \times (1 + r)^n \] where \( n \) is the number of years into the future. Assuming the current price of the bread is \( P \), we can calculate the price in 2027 (which is 1 year from 2026) as follows: \[ P_{2027} = P \times (1 + 0.045)^1 \] Please provide the current price of the bread to proceed with the calculation. ### 2.4 Identifying the Largest Expense and Its Percentage of Household Income To identify the largest expense and calculate what percentage of your household income is spent on it, we need: - The largest expense amount = \( E \) - Total household income = \( I \) The formula to calculate the percentage of income spent on the largest expense is: \[ \text{Percentage} = \left( \frac{E}{I} \right) \times 100 \] Please provide the amounts for the largest expense and total household income to perform this calculation. Once you provide the necessary values, I can assist you with the calculations for parts 2.2, 2.3, and 2.4.