The Per Capita Real GDP in Srilanka Is Likely to Be

question 90

Multiple Choice

The per capita real GDP in Srilanka is likely to be lower than the United States because Srilanka's economy is characterized by:

• A)a more equitable income distribution system.
• B)a high population growth.
• C)a low regard for political freedom.
• D)a higher level of consumption spending.
• E)a high budget deficit.

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Definitions:

Disposable Income

Money left for savings and expenditures in households after paying income taxes.

Disposable Income

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

Disposable Income

The total funds available for spending and saving by households after subtracting income taxes.

Savings

Money set aside from personal income for future use, often placed in secure accounts or investments for growth or as a safeguard.