Not All Recursive Definitions May Be Written Iteratively

question 42

True/False

Not all recursive definitions may be written iteratively.

---

Definitions:

Disposable Income

Net pay after taxes and other deductions, available for spending, saving, or investment.

Consumption

The utilization of products and services by families.

Marginal Propensity

The ratio of the change in an economic variable, such as consumption or saving, to the change in another, typically income.

Disposable Income

The net financial position of households for spending and saving, after accounting for income taxes.