How do households dispose of their income
How do households dispose of their income?
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1. Federal personal income tax is the major component in Personal taxes of which has increased over the years.
2. The smallest fraction of personal income disposition is Saving.
3. Most of household income goes to consumer spending. There are several categories of spending categories:
a. Durable goods are those with life of three or more years.
b. Nondurable goods include things such as food and clothing.
c. Services are today more than one half of all consumer spending, which demonstrates that ours is a service-oriented economy.
Suppose you arrive at a store expecting to pay $100 for an item, but learn that a store two miles away is charging $50 for it. Would you drive there and buy it? How does your decision benefit you? What is the opportunity cost of your decision? Now suppose you arrive at a s
In Wealth of Nations by Adam Smith, opined that the productivity of labor based primarily on: (w) workers’ education. (x) divisions of labor. (y) technologically advanced machines. (z) suitable wage rates. Q : Proper control on capital budgeting Write down the steps carried out for proper control on capital budgeting process?
Write down the steps carried out for proper control on capital budgeting process?
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Question Can you describe what the production function for the game looks like? (How are labour, capital and resources combined? Are there constant, increasing or decreasing returns to scale?) Answer Discover Q & A Leading Solution Library Avail More Than 1423780 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1959186 Asked 3,689 Active Tutors 1423780 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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