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Author Question: The average level of expected future income is (Read 56 times)

Brittanyd9008

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Question 1

A graduate student is likely to consume less than a factory worker because the


◦ graduate student's permanent income is likely lower than the factory worker's permanent income.
◦ graduate student bases consumption on current income while the factory worker does not.
◦ factory worker bases consumption on permanent income while the graduate student does not.
◦ None of these

Question 2

The average level of expected future income is


◦ net income.
◦ after-tax income.
◦ permanent income.
◦ disposable income.


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Marked as best answer by Brittanyd9008 on Apr 19, 2019

ApricotDream

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Brittanyd9008

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ApricotDream

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