If Personal Saving Is -$40 Billion and Disposable Personal Income

question 51

Multiple Choice

If personal saving is -$40 billion and disposable personal income is $430 billion, then personal consumption spending is

• A) $40 billion.
• B) $390 billion.
• C) $410 billion.
• D) $470 billion.

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Definitions:

Rational

Based on clear thought and reason; characterized by the ability to make logical, practical, and effective decisions.

Emotional

Emotional pertains to feelings and their expression, affecting one's mood, attitude, and responses to various situations.

Processes

Sets of actions or steps followed in a consistent and structured manner to achieve a specific outcome or goal.

Market Share

The percentage of an industry's total sales that is earned by a particular company over a specified time period, indicating its dominance in the market.