The Non-Income Determinants of Consumption Include All of the Following

question 418

Multiple Choice

The non-income determinants of consumption include all of the following EXCEPT

• A)stock of assets owned by household.
• B)innovation.
• C)the interest rate.
• D)real wealth.

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Definitions:

Financial Reporting

Generating documents that unveil the financial situation of a company to stakeholders, including managers, investors, and regulatory authorities.

Time Period Assumption

an accounting principle that divides an enterprise's life into small periods of time for reporting and analysis purposes.

Economic Life

The expected period over which an asset remains useful to the owner or until it can generate economic benefits.

Artificial Time Periods

Divisions of time, not naturally occurring, created for the purpose of financial reporting, budgeting, or project scheduling.