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Related Questions
How do households spend most of their discretionary income?
Households spend most of their discretionary income on consumption.
Do households spend the most on Magazines?
No
Do households spend the most on Newspapers?
No
Do households spend the most on Clothing?
No
Do households spend the most on Entertainment?
Yes
Do households spend the most on Housing?
Yes
Do households spend the most on Food?
Yes
Do households spend the most on Transportation?
Yes
Single-parent households tend to spend less money on raising a child?
true
The average propensity to consume indicates this?
the fraction of total disposable income that households spend on consumption
What can households do with their personal disposable income?
They can either spend it (consumption) or they can put it into their bank account (saving)
What way do businesses and households both supply and demand in the circular flow model?
Households are made up of individuals who both spend money and are the recipients of money. Businesses do the same.
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