If Your Real Disposable Income Goes Up by $200 Per

question 184

Multiple Choice

If your real disposable income goes up by $200 per week, and your real consumption spending goes up by $160 per week, you have an marginal propensity to save of

• A) 0.2.
• B) 0.8.
• C) 1.2.
• D) 1.0.

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Definitions:

Medicare Benefits

Government-funded health insurance benefits available to eligible individuals, typically those who are 65 or older, or those with certain disabilities.

Coinsurance

A percentage that a patient is responsible for paying for each service after the deductible has been met.

Deductible

The amount you pay for health care services before your health insurance begins to pay.

Assignment

The allotment or designation of a task, duty, or responsibility to someone.