All of the Following Are Components of the Five Factor

question 5

Multiple Choice

All of the following are components of the Five Factor Model EXCEPT?

• A)extraversion.
• B)agreeableness.
• C)conscientiousness.
• D)happiness.

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Definitions:

Induced Consumption

Consumer spending that increases as disposable income rises, and decreases as income falls.

Disposable Income

Net resources for spending and saving available to households after subtracting income taxes.

MPC

MPC, or Marginal Propensity to Consume, is the proportion of additional income that an individual spends on consumption.

APC

Average Propensity to Consume, the fraction of income that households spend on consumption as opposed to saving.