As disposable income decreases, consumption
A. decreases.
B. may either increase or decrease.
C. may either increase or decrease depending on the MPC.
D. increases.
Answer: A
Economics
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Higher employment taxes lead to lower levels of employment
Indicate whether the statement is true or false
Economics
The Human Development Index was proposed because
A) people confuse nominal GDP and real GDP. B) nominal GDP and real GDP are subjective measures. C) of the limitations of real GDP as a measure comparing the standard of living in different nations. D) the GDP deflator changes if the base year is changed. E) different nations have different populations.
Economics