Linda earns an income of $3,000 per month. She saves 10 percent and spends the remainder on food, lodging, and other expenses. So far, she has managed to save $20,000. What is her disposable income per month?
A) $20,000
B) $3,000
C) $2,700
D) $3,150
E) $450
Correct Answer:
Verified
Q3: The difference between consumption spending and disposable
Q5: The consumption function relates consumption spending to
Q11: If the marginal propensity to consume,MPC,is less
Q13: Linda earned an income of $3,000 per
Q14: Which of the following is true of
Q15: Consumption reflects _
A) investment spending.
B) government expenditures.
C)
Q17: The fraction of an increase in income
Q19: The marginal propensity to consume:
A)is the proportion
Q20: The most important determinant of a household's
Q21: An increase in net wealth will _
A)
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