If a result of households wish to save more there is a change in equilibrium income and no change in equilibrium saving this is an example of ?

Related Mcqs:

1. Suppose that 40 percent of the voting population wish to spent Rs1,000 for artwork in City Hall, 25 percent wish to spent Rs20,000 and 35 percent wish to spend Rs 22,000 What is the median preferred outcome, the average preferred outcome and the modal preferred outcome ?

   A. Rs20,000; Rs20,000; Rs22,000
   B. Rs1,000; Rs14,333; Rs1,000
   C. Rs20,000; Rs13,100; Rs1,000
   D. Rs1,000; Rs20,000; Rs22,000

2. Disposable income is the part of households income left after the deduction of ?

   A. income tax and social security payments
   B. taxes and the addition of benefits
   C. income tax
   D. contractual payments such as pensions and mortgages

3. National Saving (or just saving) is equal to ?

   A. none of these answers
   B. investment + consumption expenditures
   C. private saving + public saving
   D. GDP government purchases

4. The golden-rule saving rate is the rate of saving that ?

   A. gets the highest rate of interest
   B. maximizes the level of long-run investment
   C. maximizes the level of long-run consumption
   D. maximizes human capital

5. A tax whose burden is the same proportion of income for all households is ?

   A. an equal tax
   B. a proportional tax
   C. a progressive tax
   D. a regressive tax

6. If saving exceeds investment the national income will ?

   A. Fall
   B. Rise
   C. Fluctuate
   D. Remain constant

7. Due to Japan’s high saving rate, suppose that the Japanese invest abroad. This investment may result in a/an _______ of the Japanese yen and therefore a for Japan?

   A. appreciation; trade surplus
   B. appreciation; trade deficit
   C. depreciation; trade surplus
   D. depreciation; trade deficit

8. The World Bank’s GNP per capita classification for low income middle income and high income countries respectively is ?

   A. less than $900, $900-$9000 and more than $9000
   B. less than $5000, $5000-$15000 and more than $15000
   C. less than $100, $100-$1000 and more than $1000
   D. less than $5000, $5000-$150000 and more than $150000

9. A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as ?

   A. a proportional tax
   B. a regressive tax
   C. an equitable tax
   D. a progressive tax

10. If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ?

    A. 30%
    B. 10%
    C. 70%
    D. 40%