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How is discretionary income calculated?
Discretionary income is calculated by taking your gross income minus your expenses and what you are left with is discretionary income. Most Americans do not have a large amount of discretionary income.
Which group is the most suffere of inflation?
The most affected group by inflation typically includes low-income households. These families often spend a larger portion of their income on essential goods and services, such as food, housing, and energy, which tend to see the most significant price increases during inflationary periods. As a result, they experience a more substantial decrease in their purchasing power compared to higher-income groups, who may have more financial flexibility and resources to absorb rising costs.
How did the Latin American countries spend most of the income they received from exports?
By purchasing imported products
How would the action from the U.S. government would most encourage consumers to spend money in the free market?
Lower the amount of personal income tax
What action could a government take that would most encourage consumers to spend money in the free market?
Lower the amount of personal income tax .
How is discretionary income calculated?
Discretionary income is calculated by taking your gross income minus your expenses and what you are left with is discretionary income. Most Americans do not have a large amount of discretionary income.
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 MagazinesNewspapers?
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
What is most easily be removed from a budget if spending is higher than income?
discretionary spending
What can most easily be removed from a budget if spending is higher than income?
Discretionary spendingDiscretionary spendingDiscretionary spending
Which question does the distribution of income relate to most directly?
The distribution of income relates most directly to the question of how wealth and resources are divided among individuals or households in a society.
