Consumer debt as a percentage of national income in the cycle 1991 to 2001 was approximately
A) 22%
B) 52%
C) 72%
D) 92%
Correct Answer:
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Q19: Those who currently have no savings and
Q20: The wealthy tend to have
A) higher average
Q21: A shift in income distribution from wealthy
Q22: In an economic expansion, the average ratio
Q23: What is the definition of the term,
Q25: What is the wealth effect?
A) the tendency
Q26: Assume that Sam has $2000 in savings
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Q29: Diagram 42a
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