Disposable personal income is
A. the dollar value of all final goods and services produced in a country in a year.
B. the amount of monetary payments households actually receive before paying personal income taxes.
C. the amount of monetary payments households actually receive after paying personal income taxes.
D. the total of factor payments to owners of resources.
Answer: C
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Which of the following factors will lead to a decrease in the current supply of a good?
A. A technological advance that decreases production costs B. A fall in the current price of a good or service C. A decrease in the price of inputs to the production process D. A belief that the price of a good or service will go up in the future
Increases in investment spending cause interest rates to increase. As a result,
a. households will demand more loanable funds b. households will save a smaller fraction of their incomes c. households will voluntarily decrease their consumption spending d. the investment curve will shift leftward e. firm will receive greater profits from households who are consuming goods
A demand curve is a
A) graphical representation of the demand schedule. B) graphical representation of alternative demands. C) horizontal line connecting amounts demanded at various income levels. D) graphical relationship, that includes several things such as tastes, time, and supply.
Why might income gains in the poorest DVC increase population growth, at least for a while?
What will be an ideal response?