GDP is:
a. the total value of all consumer expenditures within a given period
b. national income after taxes.
c. the total value of all final goods and services plus intermediate goods and services produced domestically within a given period.
d. the value of all final goods and services produced domestically within a given period.
d
Economics
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The marginal propensity to save is:
a. the change in saving divided by the change in disposable income. b. the change in disposable income divided by the change in saving. c. saving divided by disposable income. d. disposable income divided by saving. e. saving divided by consumption.
Economics
When an individual is unable to alter or undo a past decision he/she incurs an opportunity cost
Indicate whether the statement is true or false
Economics