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The Test You Are Currently Writing Is Given to Students

question 92

Multiple Choice

The test you are currently writing is given to students in both Canada and the United States. Typically, Canadian students do better. If you, in fact, score better on this exam than your American counterparts, you are reinforcing:


Definitions:

Saving

The process of setting aside a portion of current income for future use.

Income Level

The amount of money earned or received by an individual or household over a certain period.

Consumption Function

An economic formula representing how consumer spending changes in relation to changes in income.

Disposable Income

Disposable income refers to the amount of money that individuals or households have available for spending and saving after income taxes have been accounted for.

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