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How would a decrease or increase in income affect your lifestyle?
Wiki User
∙ 11y ago
The work you do affects other parts of your life it can determine how much time you have to spend with friends and how much money and energy you have to pursue your favorite activities.
Wiki User
∙ 11y ago
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How will inflation affect the future?
Your cost of living will increase, your real income will decrease.
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.
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.
What is the effect of an increase in consumer income on demand for a good?
They both will increase (or decrease).
How can federal government affect fiscal policy?
Generally speaking the fiscal policies of the US Federal government are related to the monetary policies of the US Federal Reserve System. With that said, US fiscal policies of the Federal government can affect the economic situation of the US. The Federal government can do the following to influence the US economy, all of which are meant to improve the economy, however, that may not be the intended result. Here are some but not all examples of how the economy of the US can be affected by the Federal government:* Increase or decrease income taxes on personal and corporate income;* Increase or decrease gasoline taxes;* Increase or decrease tariffs;* Increase or decrease capital gains taxes ( part of income taxation );* Increase or decrease social security payments;* increase or decrease certain Medicare prices (costs )* increase or decrease Federal employment policies;* increase or decrease social spending in terms of food stamps as an example; and* Increase or maintain current levels of the national debt ceiling.
How will inflation affect the future?
Your cost of living will increase, your real income will decrease.
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.
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.
What is the effect of an increase in consumer income on demand for a good?
They both will increase (or decrease).
How can federal government affect fiscal policy?
Generally speaking the fiscal policies of the US Federal government are related to the monetary policies of the US Federal Reserve System. With that said, US fiscal policies of the Federal government can affect the economic situation of the US. The Federal government can do the following to influence the US economy, all of which are meant to improve the economy, however, that may not be the intended result. Here are some but not all examples of how the economy of the US can be affected by the Federal government:* Increase or decrease income taxes on personal and corporate income;* Increase or decrease gasoline taxes;* Increase or decrease tariffs;* Increase or decrease capital gains taxes ( part of income taxation );* Increase or decrease social security payments;* increase or decrease certain Medicare prices (costs )* increase or decrease Federal employment policies;* increase or decrease social spending in terms of food stamps as an example; and* Increase or maintain current levels of the national debt ceiling.
Do income taxes increase or decrease your gross pay?
Decrease. The tax is taken OUT of the gross leaving a net.
What terms is defined as increase or decrease in purchasing power brought on by changing in price?
income effect
What is the effect on income when service is rendered on credit?
Income from services rendered account will decrease and debtors account will increase
Will a net income of 95000 increase or decrease retained earnings?
Since increases in retained earnings mostly come from income accumulation, a net income of $95,000 will increase retained earnings.
Which-political party benefits more with income increase?
which political party tends to benifit when incomes increase or decrease
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%
Does remarriage affect child support payments?
In general, remarriage should not increase or decrease one's child support obligation, regardless of the new spouse's income or the presence of stepchildren.
