Answer:
Explanation: A - MPS + MPC = 1
The marginal propensity to save (MPS) is the proportion of an household's income that is saved
The marginal propensity to consume (MPC) is the proportion of an household's income that is consumed.
Income is either saved or consumed, therefore the sum of MPS and MPC should equal 1
An ethical dilemma is a complex situation that often involves an apparent mental conflict between moral imperatives, in which to obey one would result in transgressing another.
A balance sheet is a financial statement that lists the accounts and balances of a business entity’s assets, liabilities and shareholders’ equity. A business entity reports such financial information in its balance sheet at the end of an accounting period, providing a snapshot of its financial condition at that point in time.
Answer:
Yes because a person with a lower income may tend to spend a greater share of his income on gasoline
Explanation:
For example, if a low income individual earning $1000 and a high-income person who earns $2000 each purchase 12 gallons of gasoline, the taxes on this purchase will consume a larger portion of the low-income person’s earnings than that of the high-income person. Assuming a tax rate of 5% of earnings multiplied by 12 Gallons.
Low income individual earnings after tax deductions= $400
High income individual earnings after tax deductions= $800
The space between the official rate and the broader fee modifications over the path of the business cycle. greater specifically, for the duration of the gap is probable to the exertions marketplace is beneath strain.
Legit trade price refers back to the alternate fee determined by way of country-wide government or to the rate decided inside the legally sanctioned exchange marketplace. it's far calculated as an annual average primarily based on month-to-month averages (neighborhood currency devices relative to the U.S. dollar).
The official rate refers to the exchange charge determined via national authorities or to the fee decided within the legally sanctioned trade market. it is calculated as an annual common based totally on monthly averages (nearby forex units relative to the U.S. greenback).
Official rate: The legitimate exchange rate is the price of change announced by using a country's foreign exchange administration. typically used by countries with strict foreign exchange controls. market fee: The marketplace alternate price refers to the actual alternate charge for trading foreign exchange inside the loose market.
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