Suppose a and B Are Mutually Exclusive Events Where P(A)=

question 69

True/False

Suppose A and B are mutually exclusive events where P(A)= 0.3 and P(B)= 0.4.Then,P(A and B)= 0.12.

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Definitions:

Disposable Income

Funds households have for saving and spending following the deduction of income taxes.

Disposable Income

Disposable income for households after accounting for income taxes, meant for spending and saving.

Marginal Propensity

The ratio of change in an economic variable, such as consumption or saving, to a change in another variable, like income.

Disposable Income

The net income available to individuals or households after taxes have been deducted, available for spending, saving, or investing.