0
About 4% of your net annual income.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What are the applications of income elasticity of demand?
Income elasticity of demand deals with how consumers respond to changes in their income. Generally, when individuals have a low income, much of it is spent on necessities like food, water, shelter, medical bills and clothing. But as ones income increases, less of it is spent on those necessities so save or spend on luxury items.
What percentage of turnover should be spent on wages in the retail sector?
a third
What is the proportion of disposable income spent to income saved?
Savings Rate
In macroeconomics The mpc can be defined as that fraction of a?
change of income that is spent
The greatest proportion of consumer income is spent on?
Income security payments , Medicare and Medicaid, and National Security defense.
What percentage of your net income or realized income should be spent on housing?
25
What percentage of your total income should be spent on a new car?
around 15%
What percentage of business income should be spent on commercial rent?
20 percent
What percentage of America's income is spent on food?
asha
What percentage of family income is spent on food in China?
The percentage of family income that is spent on food in China is about 45%. This is attributed to the high cost of living associated with the stagnating economy.
What percentage of annual income is spent on food in India?
20%
How do you find the percent of of the expenses is spent on utilities?
Total of income. Total spent on utilities. utilities divided by 100, timed by income, will give the percentage of utilities.
What percentage of total income should be spent on housing?
Well one is obligated to pay their rent, but if someone is going to be paying over 30% of their monthly income on rent, there is a possibility of going upside down.
If Lindsey spent 125 on prsonal items did she spend 8 of her monthly income of 1700?
No, Lindsey did not spend 8 of her monthly income on personal items. To calculate the percentage of her income spent, divide the amount spent ($125) by her monthly income ($1700) and multiply by 100. In this case, 125 divided by 1700 equals approximately 0.0735, or 7.35% of her monthly income.
What are the applications of income elasticity of demand?
Income elasticity of demand deals with how consumers respond to changes in their income. Generally, when individuals have a low income, much of it is spent on necessities like food, water, shelter, medical bills and clothing. But as ones income increases, less of it is spent on those necessities so save or spend on luxury items.
Calculate NC child support?
Child support is based on a formula of income and percentage of time spent with each parent.
What percentage of turnover should be spent on wages in the retail sector?
a third
