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What else can I help you with?
What can an increase in income be expected to cause?
This will depend on whether this increase is temporary or permanent (winning the lottery or increased salary). A temporary increase in income will mainly lead to a temporary increase in savings, whereas a permanent increase in income will increase current consumption. This is referred to as the permanent income hypothesis.
An increase in the standard of living results from an increase in what?
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.Income
Why an increase in income does not necessary mean an increase in welfare of the people?
There are many reasons why this might be the case; one of the simplest is inflation (meaning increase in how much things cost). If the rate of inflation is higher than the rate of increase in income, then you have more money but it buys less.
Are consumption and income positively related or are they negatively related?
They are positively, or directly related. An increase in income is associated with an increase in income; a decrease in consumption accompanies a decrease in income.
If a good is normal, then an increase in income will result in what kind of change in demand for the good?
If a good is normal, an increase in income will lead to an increase in demand for the good.
What causes Deflection?
the main causes of the inflation is increase in the percapita income and this results in increase in the standard of living of the people .. and the other one is increase in the percapita income in our country
With this tax as income increase the amount of income tax also increase?
progressive
What tax as income increase the amount of income tax also increase?
progressive
What can an increase in income be expected to cause?
This will depend on whether this increase is temporary or permanent (winning the lottery or increased salary). A temporary increase in income will mainly lead to a temporary increase in savings, whereas a permanent increase in income will increase current consumption. This is referred to as the permanent income hypothesis.
An increase in the standard of living results from an increase in what?
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.Income
What percent will your income increase if you accept credit cards?
Credit cards cannot increase your income.
Why an increase in income does not necessary mean an increase in welfare of the people?
There are many reasons why this might be the case; one of the simplest is inflation (meaning increase in how much things cost). If the rate of inflation is higher than the rate of increase in income, then you have more money but it buys less.
Are consumption and income positively related or are they negatively related?
They are positively, or directly related. An increase in income is associated with an increase in income; a decrease in consumption accompanies a decrease in income.
If a good is normal, then an increase in income will result in what kind of change in demand for the good?
If a good is normal, an increase in income will lead to an increase in demand for the good.
What happens to equilibrium price and quantity when there is an increase in the consumers income?
When one part of the equation is increased (consumer income) than the equation no longer had equequilibrium.
How foreign exchange improves national income?
as national income is the sum of goods and services produced within a country and income from abroad. hence increase in foreign exchange will increase the national income.
If a is an inferior good and consumer income risesthe demand for a will?
Inferior goodA good for which an INCREASE(decrease) in consumer income will lead to a DECREASE(increase) in demand for that good.Normal GoodA good for which an INCREASE(decrease) in consumer income will lead to a INCREASE(decrease) in demand for that good.
