If Personal Saving Is -$10 Billion and Disposable Personal Income

question 175

Multiple Choice

If personal saving is -$10 billion and disposable personal income is $370 billion, then personal consumption spending

• A) is $360 billion.
• B) is $380 billion.
• C) is $390 billion.
• D) cannot be determined from this information.

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Definitions:

Power

The ability or capacity to direct or influence the behavior of others or the course of events.

Inequality

The state of not being equal, especially in status, rights, and opportunities.

Affordable Housing

housing units that are reasonably priced and accessible to individuals and families with moderate to low incomes.

Coalition

A temporary alliance or partnering of groups in order to achieve a common purpose or to engage in joint activity.