what is income ?

Q: Does income reflect wealth?

A: Income is money earned by a person or a business in exchange for labour, the provision of a product…

Q: b) households; automobiles

A: By definition, Consumption, in Economics, is the use of goods and services by households.…

Q: What is the inflation-free interest rate?

A: Interest rate is that percentage of investment that the lender receives for letting the borrower to…

Q: Income in the form of wage, interest, rent, and profit is known as _____

A: The sum of total earnings of an economy in a particular timeframe (typically a year) is known as…

Q: What is the real interest rate?

A: Real interest rate is an interest rate which removes the effect of inflation and reflects the real…

Q: What is net factor income from Abroad(NIFA).

A: When calculating the national income, there are various activities included in the GDP when using…

Q: Write on simple circular flow of income

A: Circular flow of income explains how the income flows in circle in an economy.

Q: Does reducing purchasing power of a consumer decrease inflation in the economy?

A: Cost increases for virtually all goods and services in the economy are referred to as inflation.…

Q: How does Inflation Rate and Gross Domestic Product affects the employment rate?

A: Employment rates are characterized as a proportion of the degree to which accessible work assets…

Q: What is a "debt to income" ratio?

A: The debt- income ratio is the ratio of total debt to the total income. The debt can be personal debt…

Q: What is inflation

A: When there is inflation in the economy, the purchasing power of money falls. This is because when…

Q: Jayden was recently hired for a job with an annual income of $36,000.  Using the federal income rate…

A: * SOLUTION :-

Q: what is net and gross demands

A: We assume: The income of a consumer is given  Endowment goods: These are how much a consumer has of…

Q: What is the nominal interest rate?

A: The nominal interest rate is an interest rate which does not take inflation into the account and is…

Q: What is inflation tax?

A: Inflation Tax – The inflation tax is the financial loss of value suffered by holders and fixed…

Q: What can be considered a benefit? Choose all that apply. A. salary B. wage C. pension D. health…

A: Benefit means the advantage received by an individual. An individual can receive a benefit in…

Q: Define FATF ?

A: FATF was established in 1989 to lay forth guidelines for combating money laundering. Since then, the…

Q: What Is Poverty?

A: Poverty is defined as lack of sufficient resources to meet basic human needs such as food, clean…

Q: What is Deflation?

A: Deflation is the negative inflation, if buying power in terms of goods and services decreases during…

Q: How can we easily calculate the price index (or inflation rate) of gasoline?

A: Price index refers to the weighted average price relative of basket of goods and services during a…

Q: What is the Consumer Price Index?

A: ‘Price index’ is a measure of relative price(P) changes. It indicates the changes of P over a time…

Q: how do I define “full employment” ?

A: Factors of production are the resources that are necessary to produce goods and services, they are…

Q: What s the difference between wealth and income?

A: Economics is the study of the household management which provides services required by the business…

Q: What is NPA?

A: Assets:  The term asset refers to the economic value of goods that are owned by the firm or the…

Q: What is Inflation?

A: The occurrence of a continuous increase in the general price level of goods and services in an…

Q: List the measure taken for inflation?

A: Inflation means consistent rise in the level of prices.

Q: What is the use of inflation-adjusted figures?

A: Inflation is the cost of goods and services rising across the economy. Because inflation is not a…

Q: Full form of GNI?

A: GNI stands for Gross National Income.

Q: HOW PER CAPITA INCOME IS CALCULATED ?

A: Per capita income can be defined as the amount an individual earns of a nation or a defined…

Q: If a household's money income is doubled:

A: If a household money income is doubled .

Q: What does the program, Temporary Assistance for Needy Families (TANF) include?

A: The time-limited Temporary Assistance for Needy Families (TANF) program helps families with children…

Q: What is unemployment insurance?

A: Unemployment insurance is a type of insurance that is also called the unemployment benefits. It is…

Q: Find MPS if change in Savigs is $430 and the change in income is $550

A: The data presented in the question above is:- Change in savings = $430 Change in income = $550…

Q: What are the effects of unemployment on income distribution?

A: Unemployment has bad effects on income distribution. Due to unemployment,some people have very high…

Q: Where do most people's largest portion of their personal income comes from?

A: People provide their services to the private, public and other sectors and receive benefits in terms…

Q: What is CPI

A: The definition of Consumer price index (CPI) is an index that measures the changes in the price of a…

Q: titution offect and income effect to c

A: As per the question when there is any demand curve vertically straight this implies the commodity to…

Q: What is the Inflation factor?

A: Inflation is the abnormal increase in the general price level of the economy. When there is…

Q: Evaluate the impact of age, and geographic location on personal income.

A: Personal income is a term used in economics to describe a person's entire earnings from wages,…

Q: How does inflation affect your income level and spending?

A: Inflation:-  Inflation is defined as the amount at which prices go up throughout time. Inflation is…

Q: How does an increase in household income affect firms?

A: A household is basically made up of one or more people who live in the same home and eat together.It…

Q: Which factors are most important in household income?

A: National income refers to the total income earned by all the peoples in the economy from different…

Q: 8. Factors that influence standard of living

A: When the government invests in technology, education to increase skills and create capital…