Mark earns $3,800 in the current period. His consumption in this same period is $4,100. Which of the following is true?
A) He has borrowed $3,800.
B) His income is $7,900.
C) His dissaving is $300.
D) He saves $300.
Correct Answer:
Verified
Q21: Consider the following data. What is
Q22: Consider the following data. What is
Q23: Consider the following data. What is
Q24: Consider the following data. What is
Q25: Which of these statements is correct?
A)Savings plus
Q27: Dissaving is:
A)excess income over and above consumption.
B)excess
Q28: Dissaving is:
A)positive saving.
B)negative saving.
C)net wealth minus income.
D)saving
Q29: How can dissaving in the current period
Q30: Net wealth is:
A)the amount by which income
Q31: When real interest rates rise, consumption will
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