If all disposable income is spent, personal saving will equal zero.
Correct Answer:
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Q199: Related to the Economics in Practice on
Q200: If disposable personal income is $500 billion
Q201: Nominal GDP is gross domestic product measured
A)
Q202: All used goods are considered nondurable goods.
Q203: Real GDP is gross domestic product measured
A)
Q205: Consumers can spend their entire personal income.
Q206: The difference between GNP and GDP is
Q207: Gross domestic product measured in terms of
Q208: Disposable personal income is personal income minus
Q209: New houses count as consumer durables.
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