Which of the Following Statements Is TRUE About Urbanization

question 24

Multiple Choice

Which of the following statements is TRUE about urbanization?

• A) The pace of urbanization picked up with the onset of the Industrial Revolution.
• B) The rapid growth of cities is a recent phenomenon.
• C) Urbanization has developed very differently in the more and less developed countries.
• D) Both A and C
• E) All of the above

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Definitions:

Savings

The portion of income not spent on current expenditures or taxes, which is set aside for future use or investment.

Autonomous Consumption

Spending that does not depend on current income levels, such as basic necessities, implying that this consumption occurs even in the absence of income.

Disposable Income

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

Saving

The portion of income that is not spent on consumption but rather set aside for future use or emergencies, contributing to personal and national wealth.