Total consumption deducted from total income is called__________________?

Related Mcqs:

1. Income that is available to house holds for spending and saving after personal, income taxes have been deducted ?

   A. Saving
   B. Disposable income
   C. Net income
   D. All

2. Total money income received by the individual or recipients of income is called____________________?

   A. Gross income
   B. Net income
   C. Personal income
   D. None of above

3. Using part of income/saving for more income is called_________________?

   A. Investment
   B. Busyness
   C. Consumption
   D. Entrepreneurship

4. The study of how economies are transformed from stagnation to growth and from low income to higher income status?

   A. Econometrics
   B. Development economics
   C. Development plan
   D. All

5. The responsiveness of the quantity demand of a commodity to change in the consumer’s income, measured by the proportionate change in quantity divided by the proportionate change in income ?

   A. Elasticity of demand
   B. Import substitution
   C. Income elasticity of demand
   D. None

6. The total number of people living below a specified minimum level of real income, an international poverty line, is called ?

   A. Relative poor
   B. Real poverty
   C. Absolute poor
   D. None

7. Total amount of income necessary to raise everyone who is below the poverty line up to that line ?

   A. Subsistence income
   B. Poverty gap
   C. Absolutely poverty
   D. None

8. A benefit or cost from production or consumption accruing without compensation to non buyers and non/sellers of the product is called_________________?

   A. Speculation
   B. Specialization
   C. Spill over
   D. anti dumping

9. Problems that occur to the individuals or society as a whole as a result of the unpopular consumption habits. Of another individual e.g drug addiction ?

   A. Ammunity
   B. Commune
   C. Consumption diseconomies
   D. None of these

10. Advantage that occurs to individual or society as a whole as a result of increase in the consumption of certain types of goods or services by other individuals ?

    A. Consumption economics
    B. Consumption function
    C. Consumption surplus
    D. Consumer demand