Answer:
Savings allow you to buy things you want or need at a later time
Answer:
Corporate dropouts
Explanation:
People become entrepreneurs for various reasons. Some have the internal drive to create something or provide a service and become entrepreneurs from a young age.
<u>Some others work for a period of time in an organization and due to certain factors, decide to quit their jobs to become entrepreneurs</u>. Such entrepreneurs are <u>corporate dropouts</u>.
They usually have some experience from their previous jobs that may be useful to them as entrepreneurs.
Billy and Sally are examples of entrepreneurs who are corporate dropouts.
Luxury items in a budget come from : D. Saving
People tend to buy luxury items after the other crucial needs are met, which means that it will be most likely that the budget came from the income that is intended for saving
hope this helps
Answer:
The correct answer is: 2,000; 0.4
Explanation:
We can write the initial consumption function as,
C = a + bY
8,000 = a + 10,000b
a = 8,000 - 10,000b
The new consumption function is,
14,000 = a + 20,000b
Putting value of a in this function
14,000 = 8,000 - 10,000b + 20,000b
14,000 - 8,000 = 10,000b
b =
b = 0.6
Putting the value of b in the initial function,
8,000 = a + 10,000 0.6
a = 8,000 - 6,000
a = $2,000
The marginal propensity to consume or b is 0.6.
The marginal propensity to save will be
= 1 - 0.6
= 0.4
Answer:
Federico Fernandez knows the answer. Call him.
Explanation: