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How do households spend most of their discretionary income?
Households spend most of their discretionary income on consumption.
When prices rise what happens to income?
When prices rise, income buys less.
What is Circular flow of income between households and firms?
from the household, the income flow which is the purchase of goods and services will become firms. then the income flow from the firms which is the wages, interest and rents will go back to the households.
What is the largest source of earned income for US households?
Wages and salaries
The consumption function relates the consumption expenditure decisions of households?
to the level of disposible income
What happens when income tax are increased?
firm and households have less money to spend . this leads to a fall in demand for goods and services. Clover
How do households spend most of their discretionary income?
Households spend most of their discretionary income on consumption.
How many households have income over 250000 in America?
How many households have income over 250000 in america?
What percentage of the median income for white households in the US is that for Hispanic families?
Hispanic households earn about 74% of the median income for white households in the US.
The money income of households consists of the sum of?
The money income of households consists of the sum of wages plus salary.
When prices rise what happens to income?
When prices rise, income buys less.
What was the Household income in 1997?
The median household income in 1997 was approximately $37,005 in the United States. This represents the midpoint, with half of households earning more and half earning less.
What is Circular flow of income between households and firms?
from the household, the income flow which is the purchase of goods and services will become firms. then the income flow from the firms which is the wages, interest and rents will go back to the households.
Businesses provide an _________ to households through employment.?
Income
How many double income households US 2011?
68,512,000
What is the largest source of income for us households?
Wages and salaries
What is median Household Income in CA?
As of 2019, the median household income in California was approximately $80,440. This figure represents the income level at which half of the households earn more and half earn less. It is important to note that income levels may vary across different regions of the state.
