-Refer to Table 9-1

question 166

Multiple Choice

-Refer to Table 9-1. What is the adult labour-force participation rate in Bolivar?

• A) 6.3 percent
• B) 33.3 percent
• C) 62.5 percent
• D) 66.7 percent

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Definitions:

Disposable Income

Financial reserves allocated for households for expenditures and savings following income tax reductions.

APC

Average Propensity to Consume, which is the ratio of total consumption to total income.

Saving

The portion of income not spent on consumption but reserved for future use, often placed in banks, investments, or other financial instruments for growth.

Disposable Income

The money that remains for savings and expenses after income tax deductions from a person's or family's earnings is the disposable income.