The Degree to Which a Person Is Willing to Expend

question 45

Multiple Choice

The degree to which a person is willing to expend energy to reach a specific need is called ________.

• A) motivation direction
• B) motivation path
• C) motivation scheme
• D) motivation strength

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Definitions:

Consumption Function

A formula in economics showing how total consumption is related to the gross national income.

Aggregate Income

The total income earned by individuals and businesses in an economy over a specific period, before taxes.

Aggregate Income

The total amount of income earned by individuals and businesses within an economy.

Consumption Function

An economic equation that illustrates the connection between gross national income and total consumption levels.