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What was disposable income in the 1920s?
The income remaining when all other necessities have been deducted from your income.
Was a monthly income of 1000 dollars considered rich or poor back in the 1920s?
A monthly income like that was HUGE back in the 20s. Especially because of prohibition. 1000 dollars was almost as much as the annual income.
What is income effect mean?
The income effect is the change in the individualâ??s income and how it will impact the change in quantity of a service. As the income increases, the quantity of demand of service also increases.
How can an increase in nominal income and a decrease in real income occur simultaneously?
real income is the change with inflation taken into account, nominal income is purely the change of income therefore if inflation was to be 5% and nominal income increased by 2% there would be a real income decrease of 3%
What is the Difference between income effect and substitution effect?
Income effect-change in the amount that consumers will buy because their income changed.substitution effect-change in the amount that consumers will buy because they purchase goods instead.substitution effect the change in demand for a good when the relative price between a good and its substitute changes. income effect the change in demand for a good when the income of the consumer change.
What was disposable income in the 1920s?
The income remaining when all other necessities have been deducted from your income.
What was the average income in percent of the 1920s?
35%
What happened to farm income as 1920s progressed?
They decreased.
What was business like in 1920s?
Business in the 1920's in the US saw a huge change that resulted into a bust of its economy. There were inventions and productions that increased the general income of the residents.
How did movies change in the 1920s?
Sound.
What were the inventions in the 1920s?
There where many inventions in the 1920s as it was a time of change but 2 big ones are the car and insulin. I also think that crayobs were invented in the 1920s.
How did the flapper symbolize change for women in the 1920s-?
The flapper symbolize change for women in the 1920s by allowing women to express their energetic, rebellious, bold, fun-loving sides.
The only significant change for women in the 1920s was?
The right to vote
Who was a leader in the cultural and economic change in the 1920s?
The United States.
How Did Change In Technology In The 1920s Influence American Life?
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Was a monthly income of 1000 dollars considered rich or poor back in the 1920s?
A monthly income like that was HUGE back in the 20s. Especially because of prohibition. 1000 dollars was almost as much as the annual income.
How do I change the deductions on NYS Income tax?
How do I change the deductions on NS income taxt?
