Over the Course of the First World War

question 31

Multiple Choice

Over the course of the First World War

• A)the Central Powers achieved victory on the eastern front.
• B)for nearly four years, the front stretching from Switzerland to the North Sea barely moved.
• C)Italy changed sides.
• D)England imposed a blockade of Germany.
• E)All of these.

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Definitions:

Consumption

The employment of goods and services by domestic units.

Savings

The portion of disposable income not spent on consumption of goods and services, set aside for future use or for investment.

Disposable Income

The financial resources available to a household for saving and spending after subtracting income taxes.

Consumption

The part of income or the amount of wealth that is used for purchasing goods and services for personal use.