Which One of the Following Statements Is the MOST Accurate

question 55

Multiple Choice

Which one of the following statements is the MOST accurate?

• A) An increase in disposable income improves the current account.
• B) An increase in disposable income does not affect the current account.
• C) An increase in disposable income worsens the current account.
• D) An increase in income worsens the current account.
• E) An increase in income improves the current account.

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Definitions:

Statistics

Statistics is the branch of mathematics dealing with the collection, analysis, interpretation, and presentation of masses of numerical data, used for making decisions and predicting trends.

Forward Buying

A purchasing strategy where buyers purchase larger quantities of goods than needed in the short term to take advantage of lower prices or discounts.

Buying Pattern

The habitual purchasing behavior exhibited by consumers or organizations, often influenced by factors like seasonality, economic conditions, and marketing efforts.

Promotion Period

A specific time frame during which marketing efforts or special offers are intensified to stimulate sales or awareness.