If the disposable income rose to $100,000, what would the level of consumption expenditure rise to?
a. $80,000
b. $91,000
c. $96,000
d. $100,000
b. $91,000
You might also like to view...
Which of the following does NOT contribute to the marginal productivity of workers?
A) discrimination B) talent C) experience D) education
Which of the following is an example of implicit collusion?
A) product differentiation B) a retaliation strategy C) a second-price auction D) price leadership
Pat earns $25,000 per year (after taxes), and Pat's spouse, Chris, earns $35,000 (after taxes). They have two pre-school-aged children. Childcare for their children costs $12,000 per year. Given that Chris doesn't want to stay home with the kids, regardless of what Pat does, Pat should stay home with the kids if, and only if, the value of Pat spending more time with the kids is greater than:
A. $37,000 per year. B. $13,000 per year. C. $25,000 per year. D. $12,000 per year.
State and local governments rely on ________ as their primary source of tax receipts
A) personal taxes B) contributions for social insurance C) indirect business taxes D) corporate taxes