Personal saving equals
A) gross domestic income − consumption.
B) personal disposable income − consumption.
C) gross domestic product − consumption.
D) personal disposable income − taxes − consumption.
Correct Answer:
Verified
Q3: The marginal propensity to consume is given
Q4: The marginal propensity to consume is the
A)
Q5: During an economic downturn, households respond to
Q6: Suppose when disposable personal income increases from
Q7: Disposable personal income is
A) the income households
Q9: Suppose when disposable personal income increases from
Q10: Which of the following is true?
I. 1
Q11: The saving function expresses the relationship between
A)
Q12: The consumption function shows
A) the amount of
Q13: The saving function shows
A) the amount of
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