Following Is Consumption Schedules for Three Private Closed Economies

question 115

Multiple Choice

Following is consumption schedules for three private closed economies.DI signifies disposable income and C represents consumption expenditures.All figures are in billions of dollars.Refer to the data below.Suppose the consumption is increased by $2 billion in each of the three economies.This change could have been caused by:

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

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Definitions:

Reduced Precipitation

A decrease in the amount of rainfall over a specific period, often impacting water supply and ecosystem health.

Rising Temperature

An increase in the average temperature of the earth's atmosphere, often associated with global warming and climate change.

Sea Levels

Sea levels refer to the average height of the ocean's surface between high and low tide, used as a baseline in measuring land elevation and ocean depths.

Microbial Ecology

The study of the interactions among microbes and between microbes and their environment.