On Intellectual Tests, Top Scorers Over the Age of 65

question 189

Multiple Choice

On intellectual tests, top scorers over the age of 65

• A) scored significantly higher than men younger than 35.
• B) scored significantly lower than men younger than 35.
• C) matched the average for men younger than 35.
• D) made the same score but took twice as long to complete the test.

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Definitions:

Disposable Income

Funds designated to households for the dual purposes of saving and spending post income tax considerations.

MPC

The marginal propensity to consume, representing the proportion of additional income that an individual will spend on consumption.

Saving

The portion of income not spent on consumption, often put aside for future use or investment.

Disposable Income

The amount of money an individual or household has available to spend or save after income taxes have been deducted.