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What else can I help you with?
Does consumption equal disposable income plus savings?
no. however, disposable income minus consumptions equals savings
What does national savings refer to in reference to economics?
In economics, a country's national savings is the sum of private and public savings. It is usually equal to a nation's income minus consumption and government purchases.
Explain why an upward shift of the consumption schedule typically involves an equal downshift of the saving schedule What is the exception to this relationship?
An upward shift of the consumption schedule indicates that consumers are spending more at every income level, which typically leads to a corresponding downshift in the saving schedule since savings are derived from disposable income after consumption. When consumers increase their consumption, they reduce the portion of their income allocated to savings. The exception to this relationship occurs when there is an increase in income that is not fully spent, such as during a period of economic growth where consumers may choose to save a larger fraction of their increased income.
The 45-degree line on a graph relating consumption and income shows?
all the points at which consumption and income are equal
In closed economy national savings equal?
In a closed economy, national savings equal the sum of private savings and public savings. This means that national savings can be represented by the equation: National Savings = Private Savings + Public Savings. Since there is no foreign trade, all income generated within the economy is either consumed or saved domestically. Therefore, national savings is also equal to investment in a closed economy, as savings must finance investment.
What condition does individual must fulfill to achieve consumer equilibrium?
spend all income vary consumption in a way that the marginal utility of the last dollar spent on all goods is equal. spend all income vary consumption in a way that the marginal utility of the last dollar spent on all goods is equal. spend all income vary consumption in a way that the marginal utility of the last dollar spent on all goods is equal.
Equality of income and wealth is known as?
A classless Socialist/Communist world would have no concept of income. People would have free access to the goods and services produced, but that doesn’t mean equal consumption.
Net income is equal to your gross income plus taxes?
That would do it for me, but unfortunately for me my net income is equal to my gross income minus taxes.
What is the 45 degree line in economics?
Its a line lol A guideline used in Keynesian economics in conjunction with the consumption line (to derive saving) and the aggregate expenditures line (to identify Keynesian equilibrium). This guideline forms a 45-degree angle with both the horizontal income axis and the vertical consumption expenditure (or aggregate expenditures) axis in the Keynesian graphical analysis.
Why is it that saving is equal to investment?
Savings must equal investment because by definition loans (investment that the banks make are taken from savings (bank accounts) from people.
What is personal income equal to?
Personal income is equal to the money an individual makes in a year. Personal income is usually derived from jobs or investments.
Is net earnings equal to net income?
I believe so. Net Income is equal to the income that a firm has after subtracting costs and expenses from the total revenue.
