Answer to Question #113211 in Macroeconomics for Utsah

Question #113211

What is the economic term used to describe how much of an increase in income an individual would use to consume goods and services in their own economy, instead of saving it, paying it in taxes, or spending it on imports?

Expert's answer

Disposable income

Learn more about our help with Assignments: Macroeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Graph 1. Draw graphs of 1) a tax on a good designed to raise revenue and 2) a tax on a good designe
2. Suppose that the Fed is fixing the dollar-pound exchange rate at $2.50 = £1. If the Fed's rese
3. Which will the best monetary policy in the context of a Real Business Cycle model?
4. To boost economic growth the government is most likely to... 1.reduce personal income tax. 2.incr
5. Which of the following indicators will most likely increase as a result of the increase in the U.S.
6. Inflation is likely to... 1.reduce the cost of living. 2.raise the standard of living. 3.reduce
7. Unemployment can decrease if... 1.there is an economic recession. 2.education system improves.

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…