Disposable income - Study guides, Class notes & Summaries

What is the graph called that spikes during the industrial revolution? Correct Answer-Hockey Stick Whats an example of a permanent change? Correct Answer-cell phones, computers How do you measure living standard? Correct Answer-GDP/population What is disposable income? Correct Answer-income after taxes and other expenses How do you measure growth rate? Correct Answer-change is GDP/original level of GDP what's the difference between a conventional and ratio scale graph? Correct An...

Toursim requires people with what? correct answers 1. ability- $ and time 2. mobility- transport 3. motivation- desire and determination to travel What is pre-industrial historical development? correct answers travel was traded, festivals, curiosity What are the 3 major civilizations that dominated in pre-industrial? correct answers 1. egyption influence- large cities, central gov't influence- language spread, developed currency exchange 3. roman influence- developed road and water w...

ECON101 Module 8 (Exam 3) Exam Study Guide. Introduction to aggregate expenditures - answerThe aggregate expenditures model proposes that total spending (aggregate expenditures) in an economy will, in equilibrium, be equal to total output. In this model, aggregate expenditures are classified into four different categories, which are identified by who is buying the output: consumption by households, investment by firms, government purchases, and net exports. If any of these types of spendin...

In 2000 and at five-year review in 2005, which diseases are not mentioned. - Answer Cardiovascular disease and other chronic diseases In 2000 and at five-year review in 2005, what are the 3 of 8 focused on health - Answer Reduce child mortality. Improve maternal maternity. Prevent the spread of HIV/AIDS and other diseases Myths about Cardiovascular Disease in Developing Countries - Answer CVD affects only men CVD only affects older people CVD only affects the rich. A CVD epid...

Among the functions of money are correct answers to act as a medium of exchange, a unit of account, and a store of value In the consumption function, if disposable income is unchanged, a decrease in the marginal propensity to consume will correct answers decrease consumption spending. When the Federal Reserve uses open market operations and buys Treasury bonds from banks, correct answers banks sell the bonds for money, the money supply increases, and the real interest rate goes down. To...

Cosmetology Written Exam Arkansas 1.0 Questions and Answers 100% Pass All are benefits of a paraffin wax treatment EXCEPT Eases eczema All of the following are addressed by OSHA's standards for products EXCEPT? Using All of the following are characteristics of a fined-tooth comb EXCEPT? Detangles long hair All of the following are considered corrective facial skin conditions EXCEPT? Skin tone All of the following are determined by a strand test in a color service except? How muc...

Among the fundamental concepts in economics is (a) opportunity cost. (b) marginal analysis. (c) efficient markets. (d) (a) and (b). correct answers D Which of the following is a positive (descriptive) economics question? (a) Will unemployment amongst teenagers increase if the minimum wage is raised? (b) Should the minimum wage be set a 'living wage'? (c) Wouldn't it be more equitable if the minimum wage rose automatically with the cost of living? (d) Wouldn't it be better to subs...

Unit Quiz Reviews Questions and Answers Already Passed Which of the following indicators are used to calculate Gross Domestic Product (GDP)? I. Imports II. Consumer Spending III. Business Spending IV. Net income from foreign residents Statements I, II and III Which of the following is NOT a non-price determinant of demand? A. Market size B. Costs of production C. Availability of credit D. Consumers' disposable income Costs of production Which of the following sta...

Ch. 11 - ANSWERResidential Land Uses Types of Residential Development - ANSWER1. Single-family detached -> privacy, elbow room, best resale value 2. Single-family attached -> lower development costs per unit, higher density, less yard work, shorter utility lines (town houses, plexes, patio or zero-lot-line) 3. Multifamily -> don't need a down payment, no maintenance/yard work, allow you to live in certain areas you normally couldn't (condos and coops) 4. Manufactured ho...

The _____ the MPC is, the _____ disposable income "leaks out" into savings at each round of expansion. → higher; less Real aggregate spending → GDP = Y = C + I Disposable income → YD = Y = GDP Aggregate consumption function → C = A + MPC x YD Planned aggregate spending → the total amount of planned spending in the economy Firms will reduce production due to an unintended _____ in inventories → rise Firms will increase production due to an unintended _____ in inven...