The marginal propensity to save is
A. change in real consumption/change in real disposable income.
B. change in real saving/change in real disposable income.
C. real saving/real disposable income.
D. real consumption/real disposable income.
Answer: B
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Which of the following statements is correct?
A) assets plus liabilities equal net worth B) assets plus net worth equal liabilities C) assets equal liabilities plus net worth D) liabilities minus net worth equal assets
Which of the following is equivalent to the trade deficit?
a. Imports ? exports b. Net capital inflow c. Exports + imports d. Net exports - imports e. Exports ? imports
The most unequal distribution of income in the figure at right exists in
A. country 4
B. country 3
C. country 5
D. country 1
________ seem as a group to be mildly regressive and ________ seem as a group to be mildly progressive.
A. Federal and state taxes; local taxes B. Federal taxes; state and local taxes C. State and local taxes; federal taxes D. Local taxes; federal and state taxes