According to the permanent income hypothesis, consumption spending depends largely on ________
A) current income
B) the savings rate
C) a consumer's lifetime resources
D) the level of current income plus the value of the assets owned by the household
C
Economics
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What are the disadvantages of adopting a single currency? Explain
What will be an ideal response?
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Consumer goods that are produced, go into inventory, and are not sold during the current period are
a. counted as intermediate goods and so are not included in current period GDP. b. counted in current period GDP only if the firm that produced them sells them to another firm. c. included in current period GDP as inventory investment. d. included in current period GDP as consumption.
Economics