As disposable income - Study guides, Class notes & Summaries

Ivy Software MBA Prepworks Fundamentals of Economics Exam - Complete Solutions (Answered) The main concept demonstrated in the production possibilities frontier is Opportunity cost When country A has a lower opportunity cost of producing sugar relative to country B, then country A is said to have Comparative Advantage A graph that shows the combinations of two goods that the economy can produce given the available scarce resources and available technology is called a Production Possibilities...

HCAD 222 Exam 1What is Continuity Theory? - correct answers relates to leisure time and disposable income activities stay stable through life course What happens to disposable income as we age? - correct answers Increases, 40% of disposable income is ages 50+ How does life satisfaction affect aging? - correct answers Central to creating meaning What is aging? - correct answers process of gradual change over life span scenescnse - correct answers aging at the cellular level, process ...

Approaches to calculate GDP - Expenditure, Factor Income, Value Added Civilian working age population=? - =Total population- anyone under 14- anyone institutionalizedanyone in the military Consumer Price Index is calculated by the BLS how often? - Every month CPI =? - = Market basket in current dollars/ market basket in base year dollars (times 100 bc percentage) Cyclical unemployment - moves up and down with the business unemployment Discount rate - second lowest in country. it is the int...

Macro Chapter 5 Exam Questions And Answers 1. Since 1955 Americans have been spending ____. a) a larger percentage of their incomes on services b) a smaller percentage of their incomes on services c) about the same percentage on services - ANS a) a larger percentage of their incomes on services 2. When the C line crosses the 45-degree line, saving is ____. a) positive b) negative c) zero d) impossible to calculate because there is not enough information to know - ANS c) ze...

HCAD 222 Exam 1What is Continuity Theory? - correct answers relates to leisure time and disposable income activities stay stable through life course What happens to disposable income as we age? - correct answers Increases, 40% of disposable income is ages 50+ How does life satisfaction affect aging? - correct answers Central to creating meaning What is aging? - correct answers process of gradual change over life span scenescnse - correct answers aging at the cellular level, process ...

Macroeconomics - ANSWERSThe study of the economy as a whole, including inflation, growth and unemployment. Aggregate demand - ANSWERSThe total amount of goods / services demanded in an economy at a given time at a given price level. Aggregate supply - ANSWERSTotal amount of goods and services supplied in the economy at a given time at given price level. What is GDP? - ANSWERSGross Domestic Product = the total value of all goods and services produced in an economy in a given time period....

GDP is officially measured by adding together the... correct answers ...market value of all final goods and services produced within the borders of a nation Which of the following items is included in the calculation of GDP? correct answers None (not purchase of apple stock, purchase of used car, value of homemakers services, or sale of gulf war military surplus) Which of the following expenditures would not be included in GDP? correct answers Purchase of silver cup previously sold new in...

FPC Practice Exam 188 Questions with Verified Answers Cafeteria plan are authorized by what Internal Revenue Code Section? A. 125 B. 401k C. 403b D. 457b - CORRECT ANSWER a. 125 all of the following are tax implications of a cafeteria plan except: a. no income tax withholding b. no social security and medicare tax withholding c. must withhold income, social security, and medicare taxes d. no form W2 reporting - CORRECT ANSWER C. must withhold income, social security, and medicare t...

Classical Economists correct answers - Group that from the 1779s up to the great depression dominated economic thinking. - They believed recessions would naturally cure themselves because the price system would automatically restore to full employment - The founder was Adam Smith - Believed in " laissez faire" which means "leave it alone" and was a theory that our economy was self regulating & it would correct itself without government intervention - Believed that forces of supply & d...

income correct answer: earnings received as wages, rent, profit, or interest wages correct answer: payment for work, usually calculated in periods of an hour salary correct answer: payments for work, usually calculated in periods of a week or longer, salary is usually tied to the completion of specific duties over a minimum but not maximum number of hours discretionary (disposable) income correct answer: the income a person has left to spend or save after taxes and other required de...