What is the definition of personal savings?

Consumption and Savings Concepts

Interactive Video
•
Business
•
11th - 12th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money that is invested
Money that is borrowed
Money that is not spent
Money that is spent
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the 45-degree line represent in the consumption schedule?
Disposable income
Investment
Total consumption
Total savings
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is dis-saving?
When income equals savings
When consumption exceeds income
When savings are greater than income
When consumption is less than income
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a non-income determinant of consumption?
Tax rate
Wealth effect
Interest rate
Government spending
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does an increase in wealth affect consumption?
Increases consumption
Has no effect
Decreases consumption
Increases savings
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the Average Propensity to Consume (APC) calculated?
Change in savings divided by change in income
Change in consumption divided by change in income
Total consumption divided by total income
Total savings divided by total income
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to APC as income increases?
APC becomes negative
APC increases
APC decreases
APC remains constant
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