The Biggest Problem with the Family and Medical Leave Act

question 70

True/False

The biggest problem with the Family and Medical Leave Act of 1993 is that employees who work in companies with fewer than 50 employees are not covered by the act.

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Definitions:

Disposable Income

Income remaining after deduction of taxes and social security charges, available to be spent or saved as one wishes.

APC

Average Propensity to Consume, which measures the fraction of income that households spend on consumption rather than saving.

MPS

Stands for Marginal Propensity to Save, which is the ratio of the change in savings to the change in disposable income. It indicates how much of an additional income unit is saved rather than spent.

Capacity Utilization Rate

The percentage of an industry or economy's total potential output that is actually being realized at a given time.