Question: Please will rate 1) When a person gets an increase in current income, what is likely to happen to consumption and saving? A) Consumption increases

Please will rate

1) When a person gets an increase in current income, what is likely to happen to consumption and saving? A) Consumption increases and saving increases. B) Consumption increases and saving decreases. C) Consumption decreases and saving increases. D) Consumption decreases and saving decreases. 2) Afinancial account surplus necessarily implies A) a balance of payments surplus. B) a current account surplus. C) a current account deficit. D) an increase in the nation's official resenIe assets. 3) The two principal determinants of capital intensity are A) The investment and labor efforts being made in the economy B) The investment and labor requirements of the economy C) The investment and saving efforts being made in the economy D) The investment effort being made in the economy and the investment requirements of the economy
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
