Answer the Question on the Basis of the Following Consumption

question 110

Multiple Choice

Answer the question on the basis of the following consumption schedules.DI signifies disposable income and C represents consumption expenditures.All figures are in billions of dollars. Refer to the given data.A $2 billion increase in consumption at each level of DI could be caused by:

• A) a decrease in consumer wealth.
• B) new expectations of higher future income.
• C) an increase in taxation.
• D) an increase in saving.

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Definitions:

Presence Of Complex

The existence or identification of a multifaceted issue or problem within a specific context or system.

Slips Of Tongue

are verbal mistakes that are thought to reveal subconscious thoughts or feelings, according to Freudian psychoanalysis.

Ego Development

The process of psychological growth, where the ego matures and is able to manage complexities, contradictions, and the reality of the world more effectively.

Personality Development

The process of forming an individual's distinctive character and behavioral patterns over time, influenced by both inherent tendencies and environmental factors.