Figure 2-17 -Refer to Figure 2-17.The Movement from Point B to Point

question 9

Multiple Choice

Figure 2-17
-Refer to Figure 2-17.The movement from point B to point C could have been caused by

• A)inflation.
• B)a change in income.
• C)a change in the price of grapes.
• D)a change in the cost of producing grapes.

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Definitions:

Disposable Income

The capital available to households for deploying into savings and spending post-tax.

Consumption

The act of using goods and services by households that leads to a decrease in their stock.

Disposable Income

Budget available for households to direct towards saving and spending post-income tax assessment.

Disposable Income

Income available to an individual or household after accounting for taxes and other mandatory charges, available for spending or saving.