Asked by
Saloni doshi
on Nov 11, 2024
Verified
The difference between consumption spending and disposable income _____.
A) decreases as income increases
B) stays proportionally the same as income increases
C) decreases if the interest rate increases
D) equals the amount of taxes paid
E) equals saving
Consumption Spending
The total money spent by households in an economy on goods and services.
- Acquire knowledge about how disposable income influences spending and saving behaviors.
- Discern how shifts in income levels impact the allocation of funds towards savings and expenditures.
Verified Answer
FZ
Learning Objectives
- Acquire knowledge about how disposable income influences spending and saving behaviors.
- Discern how shifts in income levels impact the allocation of funds towards savings and expenditures.