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Disposable income equals:
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- Define disposable incomeit is given that the ratio of APS to APC is 2/7 Calculate the ratio of Consumption to savingsA consumption tax that replaces an income tax a) only taxes a household on the money it spends. b) discourages saving. c) would likely result in a lower level of saving than an income tax. d) ultimately taxes income twice—once when the household pays income tax and once when the household makes a purchase
- What would be the value of APC if consumption is $2000 and income is $5000Which of the following situations represents investment? Saving? ExplainYour family takes out a mortgage and buys a new house. You use your paycheque to buy stock in Sagicor Financial Services.which of the following occurs when disposable income is zero? Select one: a. consumption is negative b. consumption must be zero c. none of the given options d. saving must be zero
- Which of the following is true of disposable income? Group of answer choices It excludes transfer payments. It is the portion of income that is used solely for consumption. It is the part of total earned income that is paid to the government in the form of taxes. It is the difference between income and saving. It equals consumption expenditures plus savingAssume: Yd = $ 5000 billion b = .95 a = $ 520 billionA)What is consumption (C) ?B)What are savings (S) ? C)What is APC ?D)What is APS ?Saving is setting aside money you don't spend now for emergencies or for a future purchase. In an economy the saving function is specified as S = -a + bYd. Using the above information what the effect will be on an economy if everybody in the economy saves thereby increasing the saving function?
- What was the maximum change in GSP from the government spendingA friend asks you to explain the difference between saving and investment. Explain the difference.Assume you have $2,000 autonomous consumption and given $10,000 disposable income did not allow you to save anything. What will be your MPC?