Personal income equals disposable personal income plus
[DOC File]Intermediate Macroeconomics
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B) consumption equals disposable income plus the value of non-market work. C) savings is always positive. D) consumers may increase their consumption by borrowing. Answer: A Question Status: Previous Edition 38) A consumer's real disposable income equals A) wage income plus consumption expenditures. B) wage income plus profit income minus taxes ...
[DOC File]CHAPTER 1
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16. Formally, disposable personal income is made up of. a. personal income plus taxes paid. b. personal income minus taxes paid. c. personal income plus taxes minus consumption. d. personal income minus taxes and consumption. ANSWER: b . 17. Consumption is which of these? a. Spending on goods and services by households. b. Spending on taxes
[DOC File]Economics 302 - University of Wisconsin–Madison
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Personal Income equals Personal Disposable Income plus Personal Taxes = 6637.6 + 1152.0 = 7789.6 billion dollars. Calculate the missing values for the following table: year Nominal GDP (Billions of Current Dollars) Real GDP (Billions of 1996 Dollars) Implicit GDP Deflator 1960 527.40 2375.68 22.20 1970 1039.68 3572.80 29.10 1980 2795.60 4904.60 ...
[DOC File]Determining the Level of Consumption
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GDP is a measure of total income; disposable personal income is the income households have available to spend during a specified period. Real values of disposable personal income and consumption per year from 1960 through 2008 are plotted in Figure 9.1, “The Relationship Between Consumption and Disposable Personal Income, 1960–2008”.
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