« previous next »

Author Question: Saving equals ________. A. income minus consumption expenditure minus net taxes B. income minus ... (Read 96 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
Saving equals ________.
 
  A. income minus consumption expenditure minus net taxes
  B. income minus net taxes
  C. total income minus total expenditure
  D. net taxes minus government expenditure

Question 2

Refer to Scenario 3 . Why are elasticities of demand rather than slopes used to measure and compare responsiveness?
 
  What will be an ideal response?


gabrielle_lawrence

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 29, 2018
Answer to Question 1

A Saving is what is left from income after consumption expendi-ture and net taxes are paid.

Answer to Question 2

Elasticities are useful because they are unit-free, and one can therefore compare elasticities between different types of goods. In contrast, slopes are not unitless. Hence, comparison between different products is much easier with elasticity.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

China’s 8% annual increase in oil consumption China’s 8% annual increase in oil consumption
Relative Energy Consumption per Person for Selected Countries Relative Energy Consumption per Person for Selected Countries
The risk of dying before the age of 65 gets lower as family income gets higher. The risk of dying before the age of 65 gets lower as family income gets higher.
Globalized Consumption Globalized Consumption
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Video: Digestion Animation

For a complete list of videos, visit our video library