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In the solow model how does the saving rate affect the steady state level of income?
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What is the primary determinant of the level of consumption and saving in the economy?
the level of income
What does the amount of consumption in an economy depend on A. Inversely on the level of disposable income B. Directly on the level of disposable income C. Inversely on the level of saving?
level of saving
What is the term that economists use for the saving situation shown at the 240 level of income?
dissaving
The consumption function relates the consumption expenditure decisions of households?
to the level of disposible income
How do you calculate the equilibrium level of consumption?
you first have to culculate equilibrium level of income.
What is the primary determinant of the level of consumption and saving in the economy?
the level of income
What does the amount of consumption in an economy depend on A. Inversely on the level of disposable income B. Directly on the level of disposable income C. Inversely on the level of saving?
level of saving
What is the term that economists use for the saving situation shown at the 240 level of income?
dissaving
How does the level of income affect if people vote or not?
Most high-income people vote; most low-income people do not.
Does the level of education influence saving habit in nigeria?
The level of education does indeed affect the saving habits in Nigeria. Those with higher levels of education tend to be better at saving compared to those with lower levels of education.
Non-Income Determinants of Consumption and Saving?
wealth price level rates of interest and taxes expectations for future prices, money income and availability of goods consumer indebtedness
What does income level mean?
what does income level mean?
What is steady speed?
Steady speed is when you maintain the same speed level. E.G. using cruise control.
What is the income eligibility level for stimulus housing grants?
What is the income eligibility level for stimulus housing?
Are government grants for individuals based on income level?
In most cases government grants for individuals are not based on income level. If you are starting a business with no income you may qualify. “Are government grants for individuals based on income level?”
Middle class income range?
According to experts, personal income level determines individual class level. Therefore, lower-middle class income range is between $35,000 and $60,000. The upper middle class income level is income exceeding $75,000.
How does body maintain a steady level of sugar in the bloodstream?
The body mains a steady level of sugar in the bloodstream by sending signals to the pancreas. By producing insulin and glucagon, sugar levels are regulated.
