In 2015 the Largest U.S.cash Transfer Program Was

question 62

Multiple Choice

In 2015 the largest U.S.cash transfer program was

• A) Food stamps.
• B) Social Security.
• C) Medicaid.
• D) TANF.

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Definitions:

Consumption Function

An economic formula representing the relationship between total consumption and gross national income.

Marginal Propensity to Save

The fraction of an increase in income that is saved by an individual or population, representing how savings change with changes in disposable income.

Consumption Function

The consumption function is an economic formula that represents the relationship between total consumption and gross national income, predicting consumer spending.

Marginal Propensity to Consume

The ratio of change in consumption to the change in disposable income, indicating how much income will be spent rather than saved.