If the personal saving rate is 20% and personal saving is $20 billion, the value of personal disposable income is
A. $4 billion.
B. $20 billion.
C. $100 billion.
D. $400 billion.
Answer: C
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The following is a total-product schedule for a resource. Assume that the quantities of other resources the firm employs remain constant.Units of ResourceTotal Product124242460680792If the product the firm produces sells for a constant $3 per unit, the marginal revenue product of the seventh unit of the resource is
A. $12. B. $13. C. $39. D. $36.
Which of the following pairs of goods are likely to be considered substitutes?
A) Coffee and sugar B) Printers and printing ink C) A Ford car and public transportation D) A Nokia cell phone and a Nokia cell phone charger
Exchange rate crises are only associated with fixed exchange rate systems
Indicate whether the statement is true or false
Which of the following best describes the Employment Act of 1946?
(a) A piece of New Deal legislation that had to be postponed until after the war (b) An effort to stabilize the U.S. balance of payments as the world moved toward using the U.S. dollar as the main reserve currency (c) An attempt to reduce the overall extent of federal responsibility in the post-war national economy (d) All of the above