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Does consumption equal disposable income plus savings?
no. however, disposable income minus consumptions equals savings
What does national savings refer to in reference to economics?
In economics, a country's national savings is the sum of private and public savings. It is usually equal to a nation's income minus consumption and government purchases.
The 45-degree line on a graph relating consumption and income shows?
all the points at which consumption and income are equal
What condition does individual must fulfill to achieve consumer equilibrium?
spend all income vary consumption in a way that the marginal utility of the last dollar spent on all goods is equal. spend all income vary consumption in a way that the marginal utility of the last dollar spent on all goods is equal. spend all income vary consumption in a way that the marginal utility of the last dollar spent on all goods is equal.
Equality of income and wealth is known as?
A classless Socialist/Communist world would have no concept of income. People would have free access to the goods and services produced, but that doesn’t mean equal consumption.
Net income is equal to your gross income plus taxes?
That would do it for me, but unfortunately for me my net income is equal to my gross income minus taxes.
Why is it that saving is equal to investment?
Savings must equal investment because by definition loans (investment that the banks make are taken from savings (bank accounts) from people.
What is personal income equal to?
Personal income is equal to the money an individual makes in a year. Personal income is usually derived from jobs or investments.
Is net earnings equal to net income?
I believe so. Net Income is equal to the income that a firm has after subtracting costs and expenses from the total revenue.
Does net income for the period equal retained earnings for the same period?
If company has the policy to not distribute profit as a dividend then retained earnings will be equal to net income otherwise dividend and retained earnings will be equal to net income.
Why an economy's income must be equal to its output?
Because output generates income.
Do Saudi Arabia have equal distribution of income?
No, Saudi Arabia does not have equal distribution of income. There is a significant income inequality in the country, with a small percentage of the population holding a large share of the wealth while a larger portion of the population faces financial challenges.
