Asked by
Madison Dowden
on Oct 13, 2024Verified
In this graph,consumption is at the level of 2,500 when disposable income is
A) 0.
B) 1000.
C) 2000.
D) 3000.
E) 4000.
Disposable Income
The income left over for personal spending after direct taxes have been subtracted from an individual’s gross income.
Consumption
The use of goods and services by households or individuals, typically relating to spending on products and services.
- Comprehend how disposable income affects the rates of consumption and saving.
Verified Answer
MR
Learning Objectives
- Comprehend how disposable income affects the rates of consumption and saving.