Which of the Following Is a Positive Statement

question 74

Multiple Choice

Which of the following is a positive statement?

• A) A minimum wage of $7.50 per hour is a shame for a rich country like the United States.
• B) Our planet is warming because of an increased carbon dioxide buildup in the atmosphere.
• C) Both these statements are positive.
• D) Neither of these statements is positive.

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Definitions:

Depreciation

The process by which assets lose value over time due to wear and tear or obsolescence.

Savings

The portion of an individual's or entity's income that is not spent on current expenditures and is instead reserved for future use or investment.

Disposable Income

Money available to families for savings and expenses after accounting for income taxes.

C+ I

An economic term representing total consumption (C) and investment (I) in an economy, key components of the gross domestic product (GDP).