The majority of household income is used to purchase goods and services. After that, on average, the next largest part of household income is:
A) saved.
B) used for personal taxes and nontax payments.
C) used for interest payments and other finance charges.
D) set aside for future use, such as a house purchase or college education.
Correct Answer:
Verified
Q18: Of the following groups, the highest average
Q19: Of the following, the lowest average household
Q20: The average annual money income of households
Q21: Which of the following statements is FALSE?
A)
Q22: The majority of household income is used
Q24: Generally, the percentage of income taxed and
Q25: The largest percentage of household spending is
Q26: Durable goods:
A) are recycled goods.
B) have a
Q27: An example of a durable good is:
A)
Q28: An example of a nondurable good is:
A)
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