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Irena, age 16, is a first-generation immigrant whose parents came to the United States from Ukraine when she was just a baby. Irena enjoys many of the same things that her American friends do, but respects her culture's traditions and speaks to her parents in their native language. Irena seems to have formed a _____ identity.
Disposable Income
The funds left for households to manage spending and saving after income tax calculations.
Consumption
The part of personal income that is spent on goods and services rather than saved, influencing economic activity and demand.
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.
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