When You Have a Five Element Array and Use Subscript

question 43

True/False

When you have a five element array and use subscript 6,your subscript is said to be out of bounds.

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Definitions:

Induced C

Refers to the consumption that varies with income levels; as income increases, so does the consumption level.

Autonomous Consumption

the level of consumption that occurs when income is zero, representing the expenditures necessary to meet basic needs.

Disposable Income

Available cash for households to utilize in saving and spending after income taxes have been processed.

Savings

Money that is set aside from income for future use, often stored in a bank or invested to generate returns.