Question: When income is equal to consumption, saving is . ( LO5 , 6 ) a) negative b) zero c) positive d) impossible to calculate because

When income is equal to consumption, saving is

. ( LO5 , 6 )

a) negative

b) zero

c) positive

d) impossible to calculate because there is insuffi cient information

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Macroeconomics Principles Questions!

Q:

11. When income is equal to consumption, saving is . ( LO5 , 6 ) a) negative b) zero c) positive d) impossible to calculate because there is insufficient information

Q:

When income is equal to consumption, saving is . ( LO3 , 4 ) a) negative b) zero c) positive d) impossible to calculate because there is insuffi cient information

Q:

There are 10 potential entrants into the market for tomatoes. All tomato growers are identical. They face a fixed cost of 500 if they choose to enter the market and then have a marginal cost of 10...

Q:

hh explain111 2. Use the geometric series formula to express the present value of payments through p, T and rm, where I'm is the monthly interest rate. Plug in the numeric value for p, 7 and put this...

Q:

6 | Consumer Choices Figure 6.1 Investment Choices Higher education is generally viewed as a good investment, if one can afford it, regardless of the state of the economy. (Credit: modification of...

Q:

4 Files 12:47 PM Mon May 16 Insert Draw Layout Review View Unit 3Microec0nomics Name: ELASTICITY Use the space below to take notes during class. Elastic: Unit Elastic: Inelastic: Perfect...

Q:

QUESTION 1 No matter what the price of orangejuice is ,Jill spends $20 a week on orangejuice. We can conclude that the absolute value of the price elasticity of demand for orange juice forJill is O...

Q:

Possible Multiple Choice Questions for the Exam. Focus on the topics discussed in class. Chapter 1 Multiple Choice Identify the choice that best completes the statement or answers the question. ____...

Q:

.detailed answers only! True/False (1 point each) 1. A laissez faire economy will always result in economic efficiency. 2. Business sell to households in the resource markets, but households sell to...

Q:

I need your help with this: Can you please quote from the attached chapters / resource if possible? Corporations often use different costs of capital for different operating divisions. Using an...

Q:

Joyce has never invested in shares before. She has come to you as a prospective finance graduate, for some advice. In your conversations with Joyce, you have determined her Required Rate of Return...

Q:

A particle moving along the x axis in simple harmonic motion starts from its equilibrium position, the origin, at t = 0 and moves to the right. The amplitude of its motion is 2.00 cm, and the...

Q:

Which of the following are required for a matter to be considered an unasserted claim? Multiple select question. Legal counsel has devoted substantial attention to it . It is probable that a claim...

Q:

Joan Trainer is trying to design internal control activities so that there is no possibility of errors or theft. Explain to Joan why this may be impractical, and may even be impossible?