How do households dispose of their income
How do households dispose of their income?
Expert
1. Federal personal income tax is the major component in Personal taxes of which has increased over the years.
2. The smallest fraction of personal income disposition is Saving.
3. Most of household income goes to consumer spending. There are several categories of spending categories:
a. Durable goods are those with life of three or more years.
b. Nondurable goods include things such as food and clothing.
c. Services are today more than one half of all consumer spending, which demonstrates that ours is a service-oriented economy.
Adam Smith wrote his Wealth of Nations within part like a refutation of the doctrines: (1) classical liberalism. (2) utilitarianism. (3) mercantilism. (4) physiocracy. (5) laissez faire capitalism.
What do you mean by spillover. Write short note on it?
Problem 2 Consider Garfield's utility function given as U(x1, x2) = x1x2, wher
Write down the importance of Earnings per share?
simultaneous method in demand forecasting?
Elucidate reallocation of Government resources?
Question: Max has a utility function U =√ x1x2 where x1 is litres of ice-cream and x2 is boxes of strawberries. The marginal utility of a litre if ice-cream is
The opportunity costs of production and consumption for most resources and goods tend to be decreased by: (w) private monopoly power. (x) price floors. (y) intense competition. (z) price ceilings. Hey friends pleas
You may use a calculator and MINITAB to conduct the necessary calculations for all questions. Analysis of US GDP and GDP growth rate (1959-2004). The following variables can be retrieved from MIN
Give a brief introduction of the term Cost of retained earnings?
18,76,764
1934507 Asked
3,689
Active Tutors
1423577
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!