Since the 1960's, consumer spending in the U.S. has been approximately ________ percent of disposable income, whereas saving has been approximately ________ percent of disposable income
a. 30; 70
b. 50; 50
c. 65; 35
d. 90; 10
d
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Refer to Table 9-6. Consider the following values of the consumer price index for 1996, 1997, and 1998: The inflation rate for 1997 was equal to
A) 1.2 percent. B) 2.0 percent. C) 2.5 percent. D) 4.0 percent.
Which of the following would be a protective function of government?
a. legal enforcement of contracts and rules against fraud b. undertaking income redistribution c. providing national parks d. providing a stable monetary system
Economists become policy makers when they deal with ______.
a. objective analysis b. empirical analysis c. positive analysis d. normative analysis
If an investment offered an expected payoff of $100 with $0 variance, you would know that:
A. half of the time the payoff is $200 and the other half it is $0. B. half of the time the payoff is $100 and the other half it is $0. C. the payoff is always $100. D. half of the time the payoff is $200 and the other half it is $50.