Private saving is defined as
A. private disposable income minus consumption plus interest plus transfer payments.
B. net national product minus consumption.
C. private disposable income minus consumption plus interest.
D. private disposable income minus consumption.
Answer: D
You might also like to view...
The operational goals the Fed uses for its monetary policy objectives are
A) the demand for reserves and the supply of reserves. B) the core inflation rate and the output ga
In many European countries it is much easier than in the United States for unemployed workers to receive generous wage replacement income from their governments
Indicate whether the statement is true or false
Which of the following represents a problem with using per capita GDP to compare standard of living between less-developed and industrially advanced countries? a. GDP per capita does not take into account differences in population between countries
b. GDP is particularly difficult to measure in industrially advanced countries because a much larger percentage of economic activity occurs outside of officially measured market activity than in less-developed countries. c. GDP per capita will overstate the prevailing standard of living for the average person in countries with extreme levels of income inequality. d. None of the above are correct.
The accompanying figure shows Avery's weekly production possibilities curve for scarves.
For Avery, the opportunity cost of making a red scarf is:
A. zero. B. increasing. C. 1 blue scarf. D. decreasing.