One Purpose of a Human Resource Inventory Is to Determine

question 38

True/False

One purpose of a human resource inventory is to determine whether the labour force is technically up-to-date and well trained.

---

Definitions:

Disposable Income

Households' budget for spending and savings after the necessary income taxes have been deducted.

Induced Consumption

Consumer spending that increases as disposable income rises, and decreases as income falls.

Disposable Income

Net resources for spending and saving available to households after subtracting income taxes.

MPC

MPC, or Marginal Propensity to Consume, is the proportion of additional income that an individual spends on consumption.